Toshiba May Invest $2.2 Billion in NAND Plant

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Toshiba May Invest 200 Billion Yen in NAND Plant, Nikkan Says
Toshiba Corp. may invest 200 billion yen ($2.2 billion) to expand production of NAND flash memory by about 40 percent in April 2010, the Nikkan Kogyo newspaper reported without citing anyone. The company plans to raise 300mm processing capacity at its factory in Yokkaichi city, central Japan, to 360,000 per month from 260,000, the newspaper said. Toshiba plans to invest 500 billion yen in its semiconductor business in the three years through March 2012, the Nikkan said.