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Technology Stocks : Intel Corporation (INTC)

INTC 35.53

-1.1%

Nov 14 9:30 AM EST

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To: Fred Fahmy who wrote (27573)	7/29/1997 10:44:00 AM
From: greenspirit	of 186894

Fred and ALL: Article...China Market to become third largest for Intel.. japanbiztech.com China to Become Intel's 3rd Largest Market Shanghai -- Intel Corp. Vice President James W. Jarrett said that in a few years China will become the third-largest market in the world for the U.S. company, following the United States and Japan. Jarrett made his remarks during a visit to Shanghai in late July. Jarrett, who also is president of Intel's China region, said that with the growing demand for computers across the country, China has become the company's fastest-growing market. Statistics show that China's demand for PCs has been increasing at an average annual rate of 40 percent. Intel's sales in the second quarter of 1997 amounted to US$6 billion, of which US$1.2 billion was derived from the Asia-Pacific region. Jarrett said he believes that although China currently ranks sixth among the company's world markets, it is sure to rise to third in a few years, and eventually overtake Japan as the world's second-largest PC market. Intel is building a large-scale factory in Shanghai's Pudong New Area to produce computer components and parts. The first-phase investment will be nearly US$100 million. The company also is cooperating with a number of Chinese computer manufacturers to design computers and develop software for the Chinese market. Intel plans to increase its number of sales centers in China to 11 from four at present. And it plans to set up a purchasing center in China. The center is expected to buy US$160 million worth of computer and printer parts from Chinese factories in 1997. Xinhua News Agency - 07/25/97

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