twice connect

Joint Chip Plant Under Consideration

12/28/2005 10:03:00 AM Eastern

Tokyo — Toshiba, Hitachi and Renesas Technology reported today that the companies may join forces to create a joint semiconductor foundry.

At this point the agreement is to only investigate the feasibility of the three firms setting up a jointly owned, independent chip fabrication business, to which each company would outsource semiconductor fabrication. Further details, including a timeline for the creation of the joint venture, were not released.

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