All the leading Japanese semiconductor manufacturers makers have revised their fiscal 1989 – to March – capital expenditure plans upwards in recognition of what they are finding is still a booming worldwide semiconductor market despite the signs of softening in the US: biggest increases are being made by Mitsubishi Electric Corp, up 80% from its original projection to $360m, and Fujitsu Ltd, up 40.4% at $528m; NEC Corp has upped its planned expenditure by 20% to $480m; Toshiba Corp by a modest 12.5% at $640m; Hitachi Ltd by 20.7% to $464m; and Oki Electric Industries Co by 4.2% to $320m; 12 companies will together now be investing $4,800m in total, the highest since the $6,080m recorded in 1984 – just before the slump hit.
JAPANESE SEMICONDUCTOR MANUFACTURERS MAKERS REVISE THEIR FISCAL 1989
