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Sony Corp, the world#8217;s largest consumer electronics maker, plans to spend 200 billion yen (US$1.67bil) over a three-year period on new chip production facilities for cutting-edge 300mm wafers.
Foreign business news in brief including from London that British engineering group Invensys Plc, which has been hammered by tough markets in the past year, announced yesterday it has won two signalling contracts for the London underground rail network worth over £850mil.
FOURTEEN year-old People #039;n Rich-H (PRH), threw a great bash over the week to celebrate its 14th anniversary and to officially announce its joint venture with Hakuhodo Inc of Japan that gives Hakuhodo a 25 per cent equity stake in People #039;n Rich#039;s advertising arm.
Toshiba Corp, Japan#8217;s largest chipmaker, posted a seventh quarterly net loss in a row yesterday but brisk demand for chips in digital cameras and photo-taking mobile phones helped cut the loss sharply from last year.
B>B/B>y the early 1980s, the impressive economic performance of Japan began to catch the attention of many governments and people from all over the world. High economic growth, productivity and products of superior quality were closely associated with Japan.