To: Joe NYC who wrote (126828 ) 2/7/2001 2:29:22 PM From: Elmer Respond to of 186894 2 Conflicting reports. One quoting state officials claims Intel will build a new Fab in Eastern Germany. Intel says they are taking a minority stake in a chip making operation. I believe Intel.www2.marketwatch.com {5BE68D14-6736-4AF1-BB9A-364B6D1B2239} Intel to build new chip-making plant in eastern Germany WEDNESDAY, FEBRUARY 7, 2001 12:11:00 PM EST POTSDAM, Germany, Feb 07, 2001 (AP WorldStream via COMTEX) -- Intel Corp. plans to build a chip-making plant in the eastern German city of Frankfurt an der Oder, creating hundreds of jobs in the beleaguered region, state officials said Wednesday. The world's largest maker of computer chips will invest 3 billion marks (dlrs 1.5 billion) in the plant, where production is scheduled to start in 2003, Brandenburg's economics minister, Wolfgang Furniss, announced. The plant will include a government-funded center for research and development of microelectronics. An institute for semiconductor technology is also to be part of the research complex, the ministry said. Frankfurt an der Oder sits on Germany's eastern border with Poland. It has been hard hit by unemployment since the German reunification in 1990, and officials hope to create as many as 4,000 jobs through the technology complex. Copyright 2001 Associated Press, All rights reservedbiz.yahoo.com Intel takes stake in east German chip venture (UPDATE: New throughout, switches dateline) POTSDAM, Germany, Feb 7 (Reuters) - Intel Corp (NasdaqNM:INTC - news) said on Wednesday it would take a minority stake in a $1.5 billion east German venture to build high-speed semiconductors for specialist applications. A spokesman for the world's largest chip maker said the firm intended to take around a 25 percent stake in the new foundry operation in the town of Frankfurt an der Oder on Germany's border with Poland. ``We shall not be a majority shareholder nor be in charge of the operative running of the business,'' Mike Splinter, an Intel vice-president, separately told a news conference in Potsdam, just to the south of Berlin. Other investors include the German state-funded research institute IHP and the government of Dubai, local government officials said. The regional Brandenburg government said the foundry would create 1,500 jobs in the economically sluggish former Communist region and potentially thousands more as ancillary firms clustered round the enterprise. An Intel spokesman said that the high-frequency chips to be made at the plant would be targeted at applications such as hand-held computers and telecommunications devices.