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Toshiba Raises Semiconductor Capital Expenditures

November 24, 2003 by Jeff Shepard

Toshiba Corp. (Tokyo, Japan) announced that it would raise its semiconductor capital expenditure (capex) by about $109 million (12 billion yen) to expand memory production at its Oita operations in Kyushu, Japan. The act will raise Toshiba's capex on semiconductors in this fiscal year from $1.07 billion to $1.18 billion (118 billion yen to 130 billion yen), and is needed to meet increased demand for flash memory for digital still cameras and cellular phones with cameras.

"The decision to expand the memory production line in Oita, which is Toshiba's main production site for systems LSIs, reflects greater-than-expected demand for memories," reported Shigeo Koguchi, president of Toshiba's semiconductor company.