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Politics : Formerly About Applied Materials
AMAT 252.25+0.9%Nov 28 9:30 AM EST

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To: StanX Long who wrote (63363)5/2/2002 1:34:31 AM
From: StanX Long  Read Replies (1) of 70976
 
Nanya Accord Will Boost Infineon's Market Share, Investors Say
By Jennifer Sondag

quote.bloomberg.com

Taoyuan, Taiwan, May 2 (Bloomberg) -- Infineon Technologies AG's accord with Taiwan's Nanya Technology Corp., to be announced today, will help the world's fourth-largest memory-chip maker increase market share and cut costs, some investors said.

Nanya, Taiwan's biggest memory-chip maker signed an agreement with Infineon yesterday, Nanya Vice President Charles Kau said. The company will give details to the press this afternoon. The companies will start building two plants in Taiwan next year, Taipei's Economic Daily News earlier said.

Infineon is forming partnerships in Taiwan to fend off challenges arising from the possible takeover of Korea's Hynix Semiconductor Inc. by Micron Technology Inc., which would create the world's biggest memory chipmaker, investors said. While the Hynix board rejected Micron's offer, Hynix creditors said talks may resume.
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