November 26, 2007   SANYO ELECTRIC: To Invest JPY20 Billion in Chip Business Sanyo Electric Co., Ltd., will invest JPY20 billion in its  semiconductor unit, mainly to upgrade equipment, Nathan Layne,  citing the Nikkei business daily, writes for Reuters. The Nikkei report, according to Mr. Layne, stated that Sanyo  would make the investment in the belief that it can generate  steady earnings. However, Sanyo's spokesman, Akihiko Oiwa, claims that nothing  has been decided on such a plan, relates Reuters. Reuters adds that Sanyo canceled its sale of the chip business  last month after private equity firm Advantage Partners LLP  failed to gather enough funds to support its US$1.1-billion bid.                    About Sanyo Electric Headquartered in Osaka, Japan, Sanyo Electric Co., Ltd. -- http://www.sanyo.com/ -- is one of the world's leading   manufacturers of consumer electronics products.  The company has global operations in Brazil, Germany, India, Ireland, Spain, the United States and the United Kingdom, among others.                           *     *     * In March 2, 2007, Fitch Ratings placed SANYO Electric Co. Ltd.'s BB+ long-term foreign and local currency issuer default and senior unsecured ratings on rating watch negative.
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