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Technology Stocks : WDC/Sandisk Corporation

WDC 160.04

+5.2%

Nov 5 3:59 PM EST

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To: Ausdauer who wrote (10256)	4/10/2000 12:33:00 PM
From: Rich Miani	Read Replies (1) of 60323

thread: fyi... Intel to Invest $6B in Chip Production TOKYO (Reuters) - Intel Corp (NasdaqNM:INTC - news) Chief Executive Craig Barrett said on Monday his company will invest $6 billion this year to increase its chip production capacity amid rising global demand for computer chips. ``Given the strength in the information technology (IT) economy...we're liable to see a shortage of semiconductors across the board in the year 2000 and perhaps next year,' Barrett told a news conference in Tokyo. Barrett was in Tokyo to attend a forum on e-business. Intel, the world's biggest chipmaker, will spend about 80 percent of this year's $6 billion in chip investment on manufacturing capacity for computer chips and the remaining 20 percent on the production of flash memory chips, Barrett said.

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