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

To: Joe NYC who wrote (130034)	3/15/2001 3:58:33 AM
From: Amy J	Respond to of 186894

"STMicro takes on Silicon Valley chip makers" By Catherine Bremer biz.yahoo.com AGRATE, Italy, Mar 15 (Reuters) - As a litany of profit warnings illustrate chip market woes, STMicroelectronics -- the only European firm to take on U.S. semiconductor giants -- is seizing on its edge in flash memory to step up its challenge. ... While PC-focused rivals grapple with inventory corrections and slow sales, Franco-Italian ST is cranking up output of flash memory chips, used in mobile phones and other electronic gizmos, and is investing to develop ever smarter customised chips. ... Backed by a realm of industrial partners, ST has poured cash into developing ``systems-on-chips'' which pack microcontrollers and processors onto a single silicon sliver, giving it an edge in integrated chips for complex appliances as larger U.S. and Asian rivals concentrated on mass-production of standard chips. ...sales would dip nine percent quarter-on-quarter in the three months to end-March.