Tokyo, December 3, 1998---Toshiba Corporation and Fujitsu Limited today announced a major collaboration in semiconductor memory devices that will include development of 0.13 micron-level DRAM technologies to achieve next-generation ULSIs.

Under an agreement signed today, a joint project team of approximately 100 researchers will be assembled at Toshiba's Advanced Microelectronics Center in Yokohama to focus on development of ultra high-density 0.13-micron process technology, device technologies, product design and prototype fabrication for 1-gigabit-generation DRAM devices. The total project budget is projected to exceed 30 billion yen.

The Toshiba-Fujitsu collaboration comes amidst fierce competition in the memory market, which has been eroding prices and increasing the importance of cost-competitive development operations. In addition, development of 0.13-micron process technology and other innovations needed to successfully achieve 1-gigabit-class DRAMs will require major technological breakthroughs. The collaboration announced today allows Fujitsu and Toshiba to effectively combine their R&D resources and complementary advanced semiconductor development skills so as to accelerate development of key technologies and optimize overall development investment. Moreover, the companies believe that any joint advances in major DRAM process technologies may also find application in microprocessors and a wide range of other semiconductor areas beyond memory devices.

About Toshiba
Toshiba Corporation is a leader in information and communications systems, electronic components, consumer products and power systems. The company's integration of these wide-ranging capabilities assures its position as an innovator in multimedia components, products and systems. Toshiba has 188,000 employees worldwide, and annual sales of over US$ 40 billion. Home page: http://www.toshiba.co.jp/index.htm

About Fujitsu
Fujitsu Limited is a leading provider of information technology products and solutions for the global marketplace. Founded in Japan in 1935 as a telephone equipment maker, the Fujitsu Group had consolidated revenues of $37.7 billion in the fiscal year ended March 31,1998. With over 500 group companies, Fujitsu is one of the world's largest suppliers of computers and information systems solutions, telecommunications and semiconductor products, software and services. The Fujitsu Group has over 180,000 employees worldwide and operations in more than 100 countries. Homepage: http://www.fujitsu.co.jp/index-e.html

Press Contacts

Takashi Tanaka Corporate Communications Office, Toshiba Corporation Tel: +81-3-3457-2105 e-mail: takashi10.tanaka@toshiba.co.jp

Scott Ikeda, Bob Pomeroy Fujitsu Limited, Public Relations Tel:+81-3-3215-5236 e-mail: pr_mailbox@hq.fujitsu.co.jp