Toshiba, SanDisk to Build Flash Factory
Posted on: Thursday, 13 July 2006, 15:00 CDT
TOKYO - Toshiba Corp. and SanDisk Corp. have formed a joint venture to build a multibillion dollar factory for flash memory chips used in digital music players, cameras and a growing list of other electronic devices.
The factory, which will be located in Toshiba's Yokkaichi plant in central Japan, is expected to begin construction next month and start producing so-called NAND flash memory chips sometime in the fourth quarter of 2007, the companies said Thursday.
The new company, Flash Alliance Ltd., will compete against market-leader Samsung and others, including a recently announced venture between Micron Technology Inc. and Intel Corp.
Flash Alliance is 50.1 percent owned by Tokyo-based Toshiba and 49.9 percent by SanDisk, said Toshiba spokesman Keisuke Ohmori.
Ohmori said other details, including the cost of building the new plant are still being worked out between the partners. Typically, semiconductor fabrication factories, or fabs, can cost $3 billion or more.
The new joint venture by Toshiba, which is the world's No. 2 maker of NAND flash after South Korea's Samsung Electronics Co., and Milpitas, Calif.-based SanDisk, reflects anticipated need for 2008 and beyond, the companies said.
Source: Associated Press/AP Online
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