Toshiba is to increase production of memory chips in reponse to strong demand from manufacturers of digital still cameras, cellular telephones and memory cards.
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The company will invest ¥12 billion (£65 million) in a new production line at its plant in Oita, Japan.
The line, which will initially handle 200-millimeter wafers and be capable of production with 90-nanometer process technology, is scheduled to come online in the second half of 2004, said company spokesman Makoto Yasuda.
The new investment will increase Toshiba's planned capital expenditure on semiconductor business for the current fiscal year by just over 10% from ¥118 billion to ¥130 billion.
Martyn Williams writes for IDG News Service.