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

To: Scumbria who wrote (129984)	3/14/2001 9:23:03 PM
From: milo_morai	Read Replies (1) \| Respond to of 186894

-Intel pushes back opening of Ireland plant By Bloomberg News March 14, 2001, 2:40 p.m. PT LEIXLIP, Ireland--Intel said it will further delay starting production at a new semiconductor plant in Ireland, as the chipmaker copes with falling demand and slowing economic growth. The company will open the $2 billion factory in Leixlip, outside Dublin, in the third quarter of 2003 instead of the second half of 2002, spokesman Chuck Mulloy said. The move comes a week after Intel said first-quarter sales will miss its previous estimate, the third straight period in which the company has cut its targets midquarter. Sales will fall 25 percent from the prior period, as customers work through leftover chip inventory they bought before demand slumped, the company said. "We made some scheduling changes in our manufacturing roadmap," Mulloy said. "That's normal for business conditions and for changes to the technical roadmap. This is both." Intel and other chipmakers are gradually shrinking the width of wires in their circuits. The Santa Clara, Calif.-based company had hoped to build chips with 0.13 micron wires at the Ireland plant. Now, it will wait and use smaller, 0.1 micron connections, Mulloy said. The chipmaker still plans capital spending of $7.5 billion this year, as announced in January and reiterated with last week's reduced outlook, he said. "That forecast has not changed, but given the current economic environment, (postponing the project) is a prudent sort of thing to do," Mulloy said. It's the second delay in recent months for the plant. Intel decided in December to put off starting production at the plant until the second half of 2002, instead of the second half of 2001. The company blamed that change on a new plan to make chips on larger, 300-millimeter wafers, instead of the standard 200-millimeter ones, at the facility. Copyright 2001, Bloomberg L.P. All Rights Reserved. news.cnet.com Milo Intel having some probs it seems.