Lam Research (LRCX, NASDAQ): To the Insiders Message Board

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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders

LRCX 161.44

+2.5%

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To: FJB who wrote (4050)	5/1/2000 11:47:00 AM
From: FJB	Read Replies (1) of 5867

May 1, 2000 Dow Jones Newswires Intel Weighs $2.5B-$3.5B Israeli Plant Expansion - Govt Dow Jones Newswires JERUSALEM -- Intel Corp. (INTC) is interested in expanding its microprocessor plant in southern Israel, and approached the Finance Ministry Monday for a government grant to subsidize the $2.5 billion to $3.5 billion investment, the Finance Ministry said. A ministry spokesman said he didn't know whether the requested subsidy totaled 20% or 24% of the overall investment. Intel representatives couldn't be reached immediately for comment on the expansion plans. The $1.6 billion Intel plant in Kiryat Gat was built with a controversial $600 million Israeli government grant. Critics said Intel didn't deserve such a heavy state subsidy. Intel representatives told Finance Minister Avraham Shochat that the expanded plant could employ an additional 2,000 to 3,000 workers and export an additional $2 billion annually, the Finance Ministry said. Shochat said a government task force would be set up immediately to consider Intel's grant request. An Intel spokeswoman later said the company needs greater production capacity, but won't necessarily expand in Israel. The expansion will be carried out at the site where it is "most economical and competitive," she said. Ireland is another possibility. The spokeswoman said she thought the company wants to start building a plant expansion beginning next year, but that Intel hasn't set a deadline for an answer from the Israeli government regarding a possible grant.

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