TOKYO: Matsushita Electric Industrial Co Ltd, the maker of Panasonic products, unveiled yesterday plans to spend a total of about US$2.35bil on a new chip plant and beef up its information systems in China and Japan.
The consumer electronics giant said it would plough 130 billion yen (US$1.22bil) over the next two years into a plant to build system LSI chips – customised, high-end microchips that power DVD recorders and other devices – from 300mm wafers. It plans to build the plant in Uozu, about 160km west of Tokyo, and start production at the end of 2005.
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