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Technology Stocks : Intel Corporation (INTC)
INTC 37.81-4.3%Dec 12 9:30 AM EST

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To: Elmer who wrote (113034)10/10/2000 12:58:17 PM
From: Paul Engel  Read Replies (1) of 186894
 
Intel Investors - Intel Plans to Build a Wafer Fab in Egypt

Tuesday October 10, 12:34 pm Eastern Time

Intel to build microchip plant in Egypt

CAIRO, Oct 10 (Reuters) - Egypt's cabinet on Tuesday granted U.S. high-tech company Intel Corp (NasdaqNM:INTC - news) approval to construct a microchip production plant in Egypt, it said in a statement.

The project, presented by Intel to the Egyptian government, would inject $500 million of investment and provide about 3,000 jobs, the statement said.

The cabinet also agreed to allocate land for the project, it added.

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