TOKYO Five Japanese semiconductor manufacturers have reportedly reached a basic agreement to establish a joint fab at a cost of about ¥200 billion ($1.67 trillion).
Japan's daily Yomiuri newspaper reported on Friday (Nov. 18) that the companies are Hitachi Ltd., Co., Matsushita Electric Industrial Co., Ltd., NEC Electronics Corp., Renesas Technology Corp. and Toshiba Corp. All denied that an agreement has been reached.
Reports of an agreement on the joint fab have surfaced before in the Japanese press. A Nikkei Shimbun's report on Sept. 9 created a stir in industry circles.
Still, some changes are anticipated in the stagnant Japanese IC industry. Toshiba and NEC Electronics recently formed a semiconductor alliance that could lead to a merger of their chip operations.
But Renasas President Satoru Ito said earlier this month that its top priority is to reinforce its strengths in microprocessors, not the restructuring the domestic chip industry.