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...have dominated the industry ever since primitive semiconductors were first mass-produced in the 1950s. Now that supremacy is being threatened by a formidable and frightening competitor: Japan. Last year Japanese companies, led by Hitachi, Fujitsu and Nippon Electric, captured 70% of the world market for a new, advanced chip called the 64K RAM (for random access memory) that is expected to become the biggest-selling semiconductor product by 1985. This chip can store 65,536 separate bits of data, or four times the capacity of the 16K RAM, which until recently was the industry standard. For U.S. chipmakers...

Author: /time Magazine | Title: A Big Fight over Tiny Chips | 8/9/1982 | See Source »

Last month the blue-chip banking fraternity received another blow when Perm Square Bank, a small and poorly managed Oklahoma City lender, folded after having invested heavily in risky oil and gas ventures. Penn Square's lending had been supported by, among others, Continental Illinois, the sixth largest commercial bank, Chase Manhattan and Seafirst Corp. of Seattle...

Author: /time Magazine | Title: Banking's Crumbling Image | 8/2/1982 | See Source »

...were subject to personal liability suits. In subsequent rulings, the court limited the immunity enjoyed by state officials-and then U.S. Cabinet officers-by denying them protection if their actions were taken in disregard of the law or with malicious intent. Last week the Justices had an opportunity to chip away further at official immunity in a major case involving former President Richard Nixon. They held back, however. By a 5-to-4 vote, they ruled that Presidents retain absolute immunity as long as they are acting within the "outer perimeter" of their official duties...

Author: /time Magazine | Title: Law: Shielding the President | 7/5/1982 | See Source »

...definite that whenever and wherever men beat sticks against the ground, they will remember Tom Watson, and they will probably also recall a 16-ft. chip shot from a fluffy clump of rough by the 17th green at Pebble Beach...

Author: /time Magazine | Title: Sport: The Shot of His Life | 7/5/1982 | See Source »

Earlier in the day, New Zealand Russell Simpson stunned American Chip Hooper, 6-3, 1-6, 6-3, 6-7, 11-9, completing and artillery battle that began Saturday and proved to be the longest match of this year's tournament...

Author: NO WRITER ATTRIBUTED | Title: Americans Advance | 6/29/1982 | See Source »

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