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October 23, 1995

MATSUSHITA TO INVEST $660m IN NEW MEMORY CHIP PLANT IN WASHINGTON

By CBR Staff Writer

Matsushita Electric Industrial Co is joining the rush to add memory chip fabrication capacity, investing $660m in a new plant at its existing base in Puyallup, Washington. Matsushita Semiconductor Corp of America is a joint venture of the parent and its now wholly-owned Matsushita Electronics Corp. They will start construction in April and begin production in October 1997, doing 12,000 8 wafers a month of 4M-bit and 16M-bit dynamic memory chips, 16-bit microcontrollers, and other types of semiconductors. The two will also invest $60m to site an assembly plant in Jakarta, Indonesia.

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