Toshiba, SanDisk Team to Build Chip Plant
From Bloomberg News
Toshiba Corp. and SanDisk Corp. created a joint venture and will spend $2.5 billion to build a semiconductor plant in Japan to meet demand for wireless phones with cameras, music players and other features.
San Jose-based SanDisk and Tokyo-based Toshiba agreed to form Flash Partners Ltd., according to a regulatory filing.
The plant in Yokkaichi is expected to begin production of 300-millimeter chips by the end of 2005.
Toshiba and SanDisk each will get half of the chips made at the plant.
Shares of SanDisk rose 39 cents to $25.90 on Nasdaq.
