CANON, INTEL AGREE ON MICROCHIP TIE-UP
Canon Inc <CANN.T> and Intel Corp <INTC>
of the U.S. Agreed to the joint development, production and
import of very large scale integrated circuits, a Canon
spokesman said.
    He told Reuters Intel will make the chips and Canon will
import them for use in for use in photocopiers, printers and
facsimiles to be made and sold in Japan. Canon, which last week
made a similar pact with National Semiconductor Corp <NSM>,
plans to raise its ratio of microchip imports this year to 28
pct from 24 pct last year to take advantage of the yen's rise
and help quell mounting trade friction, he said.
 REUTER
