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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (56391)	11/28/2001 1:18:52 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

11/27 23:25 Chartered Semi Will Make Chips for Cirrus Logic (Update1) By Linus Chua quote.bloomberg.com Singapore, Nov. 28 (Bloomberg) -- Chartered Semiconductor Manufacturing Ltd., the third-largest maker of chips for other companies, said it signed an agreement to make chips for Cirrus Logic Inc. for an unspecified number of years. The chips will be used in consumer products, the Singapore- based manufacturer said in an e-mail. Cirrus Logic is the largest maker of chips used in DVD players. Chartered will also become a ``preferred'' manufacturer for specific chips for the Austin, Texas-based company. The order may help Chartered, which recently suffered its biggest quarterly loss after going public two years ago as customers ordered fewer chips amid a weaker economic outlook. Chartered also needs to fill orders in its plants, where only about 22 percent of equipment is being used. ``It's a positive sign that they're able to sign preferential agreements at this point in the cycle,'' said Jatin Doktor, an analyst at G.K. Goh Research Pte. in Singapore. ``It may add strength in its relationship with the customer.'' He rates the stock a ``trading buy'' with a target price of S$4.80. Chartered shares were unchanged at S$4.24.