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SECURITIES

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From Times Staff and Wire Reports

American, Japanese Chip Firms Team Up: Texas Instruments Inc. and Hitachi Ltd. said they will jointly develop a future generation of powerful computer chips. The companies formed a design group in Japan to develop the technology needed to make 64-megabit semiconductors. The chips will hold the equivalent of 2,800 pages of text--16 times more than the most powerful memory chips now available.

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