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SanDisk, Toshiba to Build Japanese Chip Plant

Stock quotes in this article: SNDK , FLSH , INTC , MU  

With competition heating up in the market for hot-selling flash memory chips, SanDisk(SNDK Quote) and Toshiba will invest $2.6 billion to build a new factory.

The two companies announced Friday that they have begun construction of the facility, located in Yokkaichi, Japan, with the first output slated for the fourth quarter of 2007.

The new facility, dubbed Fab 4, will be the fourth flash chip factory jointly owned by the two companies through various joint venture, and it could double the overall production of the pair's most advanced chips. ...

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