Toshiba, SanDisk join for chips
TOKYO, Japan (Reuters) -- Toshiba Corp., Japan's biggest chip maker, says U.S. firm SanDisk Corp will provide funds for equipment at a new joint factory that will manufacture memory chips used in digital cameras.
Toshiba has said 200 billion yen ($1.84 billion) will be invested in a new production facility using 300 mm wafers to manufacture NAND-type flash memory chips in Yokkaichi, central Japan.
Toshiba said Wednesday it will bring forward the start of mass production at the new factory to the second half of the business year ending March 2006 from an earlier target date of sometime during 2006-07.
Shares in Toshiba are down 1 percent to 410 yen near the close Wednesday. The broader market is about half a percent lower.
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