Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (37905)	4/4/2001 6:30:01 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Chinese need to decide on this trade off-- Guns or jobs!!.. with plane stalemate they will get Bush trip cancelled and a lot more problems..and may be no plants. economic prosperity of Chian and stability of Won depends on 'good conduct' of China that unfortuntely includes stepping back from head on encounters.. Shares in Philips Electronics [US:PHG] [NL:PHI] fell on Wednesday after the company said late on Tuesday that it would invest about €1 billion in a new semiconductor plant in the Suzhou Industrial Park, about 80 kilometres from Shanghai, China. By mid-morning in Amsterdam, Philips lost 4.3 percent to €27.66, a new 52-week low. The decline also reflects a broad decline in Dutch and European markets. The Amsterdam AEX [XX:1810101] index fell 2.2 percent. Philips semiconductors' division said its new plant in China would employ some 3,500 people and will produce and test integrated circuits. Building on the plant will begin this year with production starting in the second quarter of next year. The plant will be full operational by 2006. The new plant "will help meet the high anticipated demand for the company's semiconductor chips," Philips said. The chips are used in a variety of applications including consumer electronics, communications, computing and automotive products. "This new facility in Suzhou is part of our long-term growth strategy," said Arthur van der Poel, head of Philips Semiconductors. "As we have demonstrated in the past, we look to the long-term needs of our customers, while also managing through the short-term market developments." The Suzhou Industrial Park is a high-tech park in eastern China situated to the east of the ancient city of Suzhou at the intersection of China's two vibrant economic areas - the Coastal Economic Belt and Yangtze River Economic Belt. The industrial area is about 80 kilometers from Shanghai. Philips Semiconductors had annual revenues of approximately US$6.3 billion last year and is one of the world's ten biggest semiconductor producers.