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Technology Stocks : Micron Only Forum

MU 224.54

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Nov 25 3:59 PM EST

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To: DJBEINO who wrote (42400)	1/21/1999 1:52:00 AM
From: steve kelly	Read Replies (2) of 53903

Wednesday January 20, 11:35 pm Eastern Time Intel to invest $100 mln in Samsung Elec SEOUL, Jan 21 (Reuters) - South Korean chipmaker Samsung Electronics Co Ltd said on Thursday Intel Corp had agreed to invest $100 million by purchasing its convertible bonds. Samsung Electronics spokesman James Chung told Reuters that the two companies were due to formally sign a contract in early February. ''We plan to spend all of the money in Direct Rambus DRAM (dynamic random access memory) production lines,'' Chung said. Full conversion of the bonds would grant about a one percent stake in Samsung to Intel, which currently holds no stake, he said, adding more details would be announced soon. Samsung Electronics, flagship unit of the Samsung Group [SAGR.CN], is the world's largest DRAM supplier.

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