Toshiba Corp

08/01/1998

Toshiba Corp. said it will help fund a new 64-Mbit DRAM assembly venture in Kaohsiung, Taiwan. Construction of the new venture, Walton Advanced Electronics (WAE), has begun, and assembly work is scheduled to start in July 1999. WAE will have an initial paid-in capital of US$80 million, and will have four investors: Walsin Advanced Electronics and Winbond Electronics, with a 75% stake; Mitsui & Co., with a 5.1% stake; and Toshiba, with a 19.9% stake. Total investments are expected to reach 20 billion yen by 2000, when production levels are scheduled to reach 6.6 million DRAMs/month. As a result of its investment, Toshiba will be eligible to receive more than half of WAE`s output.