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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (1489)	12/26/2001 12:03:55 AM
From: The Ox	Read Replies (1) \| Respond to of 95411

Add this to the mix: Korea's Hynix Sees MOU with Micron in January SEOUL, Dec 26 (Reuters) - South Korea's Hynix Semiconductor Inc expects to form a strategic alliance with Micron Technology Inc with a memorandum of understanding in January, a local newspaper said on Wednesday. Micron and Hynix, ranked second and third DRAM chipmakers, are in tie-up talks to tide over overcapacity problems which have sent chip prices below the cost of making them. "We plan to sign MOU with Micron in January after completing asset valuation," the daily Chosun Ilbo quoted Hynix chief executive Park Chong-sup as saying. Park spoke to reporters after returning on Tuesday from talks in the United States with Micron. "In recent talks, we structured specific ways we might form alliances and agreed both sides need to closely cooperate further," Park said. Park expected the alliance to be comprehensive, it said. Hynix and Micron have been tight-lipped on how they might tie up, but Micron President Steve Appleton told analysts last week that taking a minority stake in Hynix was not a likely option. "I don't think a minority position in Hynix would be an advantage to us," Appleton said on a conference call. Talks between the two reflect consolidation reshaping the sector. Japan's Toshiba Corp announced last week it would sell a U.S. chip giant to Micron after talks with German rival Infineon Technologies AG fell apart.