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Politics : Formerly About Applied Materials

AMAT 260.22

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Dec 23 3:59 PM EST

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To: StanX Long who wrote (64121)	5/31/2002 3:47:23 AM
From: StanX Long	Read Replies (1) of 70976

ST chief discusses plans for China fab, acquisitions By Junko Yoshida EE Times (05/30/02 15:41 p.m. EST) siliconstrategies.com LONDON — President and chief executive officer Pasquale Pistorio detailed STMicroelectronics' aggressive plans for penetrating China, its possible acquisitions in Japan, and a growing list of strategic partnerships at the company's annual analysts meeting here Thursday (May 30). "We will build a [semiconductor] front-end facility by 2005 in China, either alone or in partnerships," Pistorio said. The company presently operates an assembly plant and design center in Schenzen, and application development centers in Beijing and Shanghai. STMicro also appears willing to acquire competing semiconductor companies, including those in Japan. The company is interested in an acquisition that "improves our portfolio in our focused areas, and significantly increases our presence in the U.S.A. or Japan," Pistorio said. The interest would only extend to a company that would allow ST to turn around products within 12 months. If it takes longer than that, "we may just as well do [the development] internally," Pistorio said.

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