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Technology Stocks : Alliance Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Peter H. Mack who wrote (7760)	6/20/2000 12:57:00 AM
From: DJBEINO	Respond to of 9582

Asian Chipmaker Stocks Rise; Hitachi, Samsung Electronics Lead By Laura Lai Tokyo, June 20 (Bloomberg) -- Asian chipmakers rose, led by Hitachi Ltd. and Samsung Electronics Co., as Intel Corp.'s plan to build a new plant indicates strong global demand for chips used in personal computers, servers and workstations. Japan's Nikkei 225 Index rose 1.7 percent, led by Hitachi on a report it will ally with International Business Machines Corp. to develop computer equipment. Samsung Electronics and its rival Hyundai Electronics Industries Co., the world's No. 1 and No. 2 chipmakers, drove Korea's Kospi up 1.8 percent. Singapore's Chartered Semiconductor Manufacturing Ltd. and Taiwan Semiconductor Manufacturing Co. also rose as Intel's announcement marked its fifth new plant or expansion since late last year. ``Intel's announcement accentuates the rosy outlook for the semiconductor industries,'' said Lee Jong Won, who helps manage $178 million at Korea Investment Trust Co. in Seoul. ``Investors are betting sales of semiconductors, including memory chips, will continue to grow over the second and third quarters.'' As chipmakers rush to boost manufacturing capacity to meet rising demand for everything from flash memory used in cellular phones to microprocessors used in PCs, worldwide sales of memory chips are seen jumping 20 percent to $36 billion this year and to $75 billion in 2002, said Dataquest Inc., an electronics industry research firm. Hitachi, Japan's biggest electronics maker, added 1.5 percent to 1,390 yen after the Nihon Keizai newspaper said it agreed to form an alliance with IBM to help each other sell mainframe computers. NEC Corp., Japan's No. 1 maker of personal computers and microchips, rose 2.6 percent to 3,180 yen. The company, which said in April it would spend $2.84 billion to build semiconductor plants at home and in the U.S., was the most active stock by value with 23 billion yen ($217 million) in shares traded. Toshiba Corp., the world's biggest maker of notebook computers, rose 1.1 percent to 1,093 yen.