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Politics : Formerly About Applied Materials
AMAT 267.87-0.6%Dec 5 9:30 AM EST

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To: KM who wrote (9311)10/23/1997 11:01:00 PM
From: Frank Chen  Read Replies (3) of 70976
 
Hi all: Here's some detail from WSJ about delay of Texas fab.
INTC will push back the opening of $1.3 billion fab in Fort
Worth, Texas from 1999 to 2000 due to the weak demand of Flash
memory (that fab is specificaly for Flash memory). However they
will shift funding to convert $1.9 billion Israel fab to make
both microprocessors and flash-memory stuff, before this was
scheduled only for flash chips.

Also, they say the current spending of $4.5 billion is on track,
the 1998 spending won't out until 4th quarter report.
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