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To: Gottfried who wrote (38591)	10/23/2000 1:02:23 PM
From: Proud_Infidel	Respond to of 70976

Intel to spend $400 million on Shanghai plant By Bloomberg News October 23, 2000, 9:15 a.m. PT SHANGHAI, China--Intel said it will spend about $400 million during the next two years to build a factory in Shanghai. The chipmaker has spent $198 million already to build a plant in Shanghai to make flash-memory chips, which retain data even when the power is off. The new plant will make chipsets, a group of chips that runs personal computers or servers, and will mean "at least doubling" the earlier investment, said James Jarrett, president of Intel's China business. Intel wants to build facilities to make wafers, the base material for chips, and ultra-thin chips, chief executive Craig Barrett said during a three-day visit. He plans to go to Beijing tomorrow to sign an agreement with China Telecommunications, the fixed-line arm of China Telecom, the company said. Intel executives wouldn't give details about the meeting. "We will continue to keep our eyes open and look for options with regard to wafer-type manufacturing and silicon manufacturing," Barrett said. Addressing more than 1,000 executives at a forum in Shanghai, Barrett urged China to speed up its Internet and electronic-commerce initiatives. E-commerce transactions are "still in an immature stage in China,'' Barrett said, adding that he expects to see "exponential growth" in the nation's Internet economy. "I think the estimates for China are very conservative," he said. Barrett quoted figures from research firm Gartner showing that business-to-business e-commerce worldwide is expected to grow to $7 trillion by 2004 from $400 billion this year. The United States and Europe are expected to lead, and each should account for $1 trillion by 2004. Asia and Latin America are expected to lag by one year, Barrett said. By 2003, though, China is expected to become the third-largest online market in the Asia-Pacific region, according to market researcher IDG. "The opportunity for expanded e-commerce growth exists, and the local information-technology industry is already growing," Barrett said. Barrett is scheduled to leave for Seoul on Thursday and to be in Taipei on Friday. China's entry into the WTO could help Intel by opening up investment opportunities in the telecommunications sector and by allowing better distribution of products, Jarrett said. "We found our manufacturing activities here very successful, and whether WTO happens or not, we would have expanded anyway," Jarrett said. He denied, though, that Intel plans to invest in a chip-wafer plant in Hong Kong's Cyberport project. "There are no such plans," Jarrett said. Intel shares rose 94 cents to $44 in early trading. They had fallen 43 percent since trading at a 52-week high in March. Copyright 2000, Bloomberg L.P. All Rights Reserved.

To: Gottfried who wrote (38591)	10/23/2000 1:03:50 PM
From: Tony Viola	Read Replies (2) \| Respond to of 70976

Gottfried, re the San Jose Mercury News spinning a high tech "good thing" negatively, I'm sure you've seen my rants about that paper. If not, why they continually, for at least 20 years, spin against high tech when they're located in Silicon Valley is beyond me. Must be something about newspapers and politics or something that I don't understand. Tony