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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Engel who wrote (108714)	8/28/2000 4:13:03 PM
From: Proud_Infidel	Respond to of 186894

Intel Chief to Visit Brazil Amid Reports of Plant SAO PAULO (Reuters) - Top executives of Intel Corp. (NasdaqNM:INTC - news) will visit Brazil this week amid local media reports the world's No. 1 chip maker is considering building a factory here. Craig Barret chief executive of Intel, whose microprocessors are the brains of 80 percent of personal computers, is set to address a Sao Paulo electronic-business conference Wednesday as part of a Latin American visit. But Barret is not likely to discuss potential future plant locations, said Intel Spokesman Tom Waldrop, who declined to confirm or deny local media reports that Intel was planning to locate a new plant in Brazil. ``We typically look widely around the world for possible future factory locations, but we don't generally comment on where we look,'' Waldrop said. ``I cannot comment on when in the future we may, or may not chose Brazil for a factory location.'' Brazil's Valor Economico newspaper reported Monday that the company was planning a $500 million plant for Brazil. Chuck Mulloy, another Intel spokesman, said the report ``was not accurate'', although he did not specify what parts of the report were incorrect. Waldrop could not confirm whether Brazil was one of the numerous countries in Intel's sights for a new factory. He added that the purpose of Barret's visit was to address computer professionals on electronic business. Santa Clara, California-based Intel's Latin American operations currently are confined to Costa Rica and Puerto Rico, aside from sales and marketing offices in Brazil. Waldrop declined to comment on local media reports the company's Costa Rica plant -- built in 1996 with investment of about $300 million -- was originally destined for Brazil. That plant assembles and tests microprocessors. ``When we don't chose to go into a particular country at a certain time, that doesn't mean we won't go into that country later,'' he added. Investment in any new factory could be anywhere between $100 million up to several billion dollars, depending on the type of plant, Waldrop said. The company's chip manufacturing plants consume investment of several billion dollars, while assembly and test factories ''cost a fraction of that,'' Waldrop said. The company has chip fabrication plants in the United States, Ireland and Israel and other smaller manufacturing and assembly plants in China, Costa Rica, Malaysia, the Philippines and Puerto Rico. The company has sales and marketing offices in other locations. Intel has said it would spend $6 billion on capital equipment improvements. It has announced new factory plans near Albuquerque, New Mexico and to expand operations in Israel.