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Politics : Formerly About Applied Materials

AMAT 268.87

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Jan 2 9:30 AM EST

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To: w0z who wrote (34036)	2/4/2000 10:03:00 AM
From: Proud_Infidel	of 70976

Hyundai Electronics Releases Investment Plan for 2000 February 4, 2000 (SEOUL) -- Hyundai Electronics Industries Co., Ltd. said it will invest a combined 2.5 trillion won into its microchip, LCD and wireless handset businesses as well as its research and development budget. (1,126.6 won = US$1) The company plans to push aggressive investments this year in a move to increase its sales profits by 90 percent from last year's 5.9 trillion won to 11 trillion won for fiscal 2000. Hyundai, which recently secured the process technology for a 0.18-micron circuit design, said it will invest 1.4 trillion won into its chip business, and hopes to see sales profits of 7 trillion won. Also, the company is pushing for US$300 million in new foreign capital injections into facilities to expand its monthly production capacity of LCDs to 300,000 units. "We have focused our management policies to see the highest synergy effect regarding our semiconductor merger, to gain higher global competitiveness and to focus on a more profitable management structure to improve our financial status," a company official said. (Maeil Business Newspaper, Korea)

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