Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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Oct 31 9:30 AM EST

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To: Proud_Infidel who wrote (9133)	3/11/2004 8:04:04 AM
From: Proud_Infidel	Read Replies (1) of 25522

South Korean start-up plans Beijing flash fab, says report Silicon Strategies 03/10/2004, 3:03 PM ET LONDON -- LMNT, a South Korea-based start-up, is preparing to raise and spend $1.4 billion on a flash memory wafer fab in Beijing, according to a Financial Times report. While Shanghai is still seen as the center of China's nascent chip manufacturing industry LMNT's plan is a boost for the Beijing region that could be even larger than the $1.25 billion being spent on a 300-mm wafer fab by Shanghai-based Semiconductor Manufacturing International Corp. (SMIC). SMIC is staging an initial public offering in Hong Kong and New York (see February 23 story). The memory chip plant to be built by LMNT will be in the Northern Microelectronics Industrial Base, an industrial park in Beijing's suburbs, the report said citing a un-named source. The fab is slated to produce flash memory, but the account did not give details of where LMNT would license its technology from or whether its flash memory would be of the NOR or NAND type. The same source was quoted as saying the venture planned to raise funds "globally" and that its management team included South Koreans, Taiwanese and industry experts from the US, Europe and Japan. Construction was expected to start soon with chip production expected by the end of 2005.

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