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Technology Stocks : Cymer (CYMI)
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To: S. Wallace Slough who wrote (17428)5/9/1998 3:14:00 PM
From: BillyG  Read Replies (2) of 25960
 
Siemens paints a less-rosy picture of Korean semi companies.............
techweb.cmp.com

<<DILEMMA OF KOREA'S 'BIG 3'

South Korea's big-three chip makers are between
a rock and a hard point, as far as the president of
Siemens Semiconductor is concerned. Unless they
can use bailout funds provided by the International
Monetary Fund, Samsung, Hyundai, and LG
Semicon won't be able to continue developing
quarter-micron processes, Ulrich Schumacher tells
EBN's Jack Robertson.

"There's no way these companies can finance the
costly upgrading . . . unless they continue to be
subsidized," he says. But that's something neither
Schumacher nor the SIA wants to see. The
Koreans claim they won't use IMF-backed funds,
but Schumacher believes they "will be forced out of
the DRAM market . . . if they don't upgrade
quickly." >>
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