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Technology Stocks : Micron Only Forum

MU 234.19

-2.2%

Dec 3 3:59 PM EST

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To: Fabeyes who wrote (41180)	12/2/1998 10:48:00 PM
From: Fabeyes	Read Replies (1) of 53903

I just saw this. Too much time with SiGe I guess. Samsung To Invest and Divest $250M DRAM gear investment in Austin Semi; Sale of some non-memory businesses. By Chad Fasca Austin, Texas--Samsung plans to invest more than $400 million in two of the company's manufacturing facilities, Samsung Austin Semiconductor (SAS) in Austin, Texas, and Samsung Display Mexicana in Tijuana, Mexico, the company revealed last week. In the meantime, the Korean electronics giant confirmed through a spokesperson that it is considering selling part of its non-memory chip business to a foreign company. A Samsung Electronics corporate spokesperson said details of the sale have not been completed. In addition to other unnamed non-memory chip operation, the Korean company confirmed published reports that it is selling its Puchon plant, which consists of transistors, power devices and linear ICs. Non-memory semiconductors account for 30 percent of the chip company's total chip business. Samsung Electronics is taking these steps to streamline its business as part of the company's restructuring. The company is cutting to its core competencies. A Samsung spokesperson did not wish to comment further.

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