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To: FJB who wrote (44467)	3/24/2001 10:51:04 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

U.S. SST to Invest in Shanghai Foundry, Launch Chinese Subsidiary March 23, 2001 (TOKYO) -- U.S.-based Silicon Storage Technology Inc. said it will establish a subsidiary, "SST China," in Shanghai, and invest in China's new silicon foundry, Shanghai Grace Semiconductor Manufacturing Corporation Ltd. SST is one of world's leading flash memory makers. Its initial investment into Shanghai GSMC will be US$50 million. "Through the investment, SST has secured a significant portion of the total production capacity of Shanghai GSMC," said a company's official. It plans to use 0.25-micron and 0.18-micron technologies. The groundbreaking ceremony of Shanghai GSMC was in November 2000, and the plant will start operating in the second half of 2002. SST plans to expedite the adaptation of the logic process technology, and SuperFlash memory technology, which is a NOR-type flash memory with split-gate cell structure, to Shanghai GSMC through a collaboration with a Japanese LSI maker that has licensed its SuperFlash technology. SST plans to invest approximately US$10 million into SST China, and plans to start operations by the end of 2001. SST China will develop and sell memory products such as flash memories, ROMs and RAMs in the Chinese market. According to market researchers, the Chinese electronics market will be the third largest in the world, following the United States and Japan. SST said it is essential to produce its memory products at its localized foundry in China, because even after China's entry into the World Trade Organization (WTO), the Chinese government will continue imposing "local-content requirements" for electronic products. Related link: SST's release Related story:Silicon Storage Technology to Invest Heavily in China (Nikkei Microdevices)