View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 28, 1996


By CBR Staff Writer

Until a couple of years ago, Philips Electronics NV’s chip business looked to be one of the industry’s basket cases, but the general surge in demand triggered by personal computer and cellular telephony booms has transformed the picture, and the company wins plaudits rather than boos when it heralds new investment these days. It said yesterday that it will invest over $485m in increasing production capacity for submicron wafers used in phones and multimedia at its chip plant at Nijmegen; the investment comes on top of the $345m announced in August 1994 and which is now being carried out. The Nijmegen factory is already the largest wafer fab in Europe and Philips’ largest wafer facility world-wide. Separately, Philips signed TriQuint Semiconductor Inc, Beaverton, Oregon to fabricate Gallium Arsenide cellular and cordless phone, wireless local network and base stations parts to Philips’ design. Philips will assemble and test, and market them. The announcement comes shortly after the company warned that lower-than-expected growth in the market for PC chips would mean a drop in profit in the first three months. Memory chips-makers like Korea’s Samsung and Micron Technology Inc have recently announced a focus on specialist chips.

Content from our partners
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business
When it comes to AI, remember not every problem is a nail

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.