Matsushita to Invest in Singapore Chip Operations Sep 12, 2003

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Matsushita Semiconductor Co. of Japan, a unit of Matsushita Electric Industrial Co., said on Friday that it plans to invest S$150 million (approx. U.S. $85.7 million) over the next 3 to 5 years to expand its chip operations in Singapore.

Of the total, S$50 million will be used for test and assembly services in image sensor chips, which are used in digital cameras, company officials said.

The remaining S$100 million will be used to expand current production capacity of optical related chips, used in compact disc (CD) players and other audio-visual products. (Dow Jones)

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