Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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To: robert b furman who wrote (2712)	8/29/2002 8:34:09 AM
From: Jeffrey D	Read Replies (1) of 25522

Natonal security concerns and AMAT. Jeff << Aug 29, 2002 (Far Eastern Economic Review - ABIX via COMTEX) -- The US President George W Bush takes national security more seriously than his predecessor, Bill Clinton. This new approach to defence matters has serious repercussions for business. The Bush administration makes it difficult for Chinese factories to buy the American technology. One of the victims of the new policy is the chip maker Semiconductor Manufacturing International Corporation. The company spent $US1.5 billion on construction of a chip making plant in Shanghai only to learn that an export licence for two electron-beam systems that it had ordered from Applied Materials in California was cancelled. The licence was granted by the Clinton administration. Publication Date: 29 August 2002

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