Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 297.52

-6.6%

3:59 PM EST

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To: Kumar Nathan who wrote (4501)	5/15/1997 1:22:00 AM
From: Paul V.	of 70976

Threaders. Today I attended the MEMC (wfr) stockholders meeting. They are the largest public traded silicon wafer producer in the world. Second in the world. The largest company is Japan. The Executive managers stated that the 300 (12") micron wafer has not made it to the forefront. But the major product is the the 200 (8") wafer with their semiconductors using the .50 micro chip. They responded to a question that they are selling to China the 5-6" wafer with the .50 micron chip. Management expressed the rationale for the slow movement of technology in china due to national security and the lack of economic security of their revenues in protecting foreign companies from nationalizing. However MEMC is opening a joint factory in mainland China. Also, MEMC stated that they are not concerned regarding the establishment of founderies since the founderies need to buy silicon wafers and Memc considers the founderies as customers. In considering the possibility of Japan glutting the market and how they project their future book to build, MEMC stated that the only way for them to project is by staying it touch with their customes and following how well the semiconductor companies (TXN, INTC, MOT, etc.) are doing. The problem is that the customers can cancel their orders within 30 days after they place the order. It was interesting to tour the plant but I can see that the wafer an equipment companies would have one "H" of a time trying to project the technology business. MEMC does have a ASN executive on their Board. We were told that the semiconductor/equipment manufacturing corp. are usually 12-16 months ahead of the wafer companyies in ramping up to new technology. Plus, the wafer comp. try to use equipment beyond the the depreciation schedules. This could negatively inpact the equipment manufacturer companies. (Kla, Asn, amat) Paul

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