P.M. BRIEFING : Texas Instruments, Kobe in Pact
From Times Wire Services
TOKYO —
Kobe Steel Ltd. and Texas Instruments Inc. of the United States signed an agreement today to manufacture advanced semiconductors in Japan.
Kobe Steel spokesman Gary Tsuchida said Kobe Steel will own “a majority interest” in the venture to be named KTI Semiconductor Ltd.
Under an agreement, a $350-million plant will be built in Hyogo in western Japan by the end of 1991.
The venture will be capitalized at $57.9 million.
Tsuchida said the venture will manufacture complementary metal oxide semiconductor logic devices, including large-scale integrated circuits.
The products will be marketed in Japan with TI’s brand name, Tsuchida said.
