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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 254.19

-2.1%

1:36 PM EST

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To: Dan3 who wrote (28537)	2/15/2001 8:35:59 AM
From: Gopher Broke	Read Replies (1) of 275872

Looks like Hector agrees with Jerry that real men build fabs. RIO DE JANEIRO, Feb 15 (Reuters) - U.S. chipmaker Advanced Micro Devices Inc. <AMD.N> plans to build a factory in Brazil, Valor Economico business daily reported Thursday. AMD's president Hector Ruiz told Brazil's Development Minister Alcides Tapias During a visit to the Brazilian capital of Brasilia that the company will build the factory with a Brazilian partner, the newspaper said. Tapias said the giant chipmaker was attracted by a law that provides tax breaks for producers of technology products. Brazil passed the law at the beginning of the year in a bid to spur value-added output in Latin America's largest economy. AMD will send a technical team to Brazil to pick a site, but the company already has its eye on the country's wealthier southern region. Intel Corp. <INTC.O>, the world's No. 1 chip maker and AMD's competitor, denied speculation last year that it had immediate plans to build a manufacturing plant in Brazil, but it didn't rule out seeking a local assembly partner.

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