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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (3285)	9/26/2002 8:50:20 AM
From: Proud_Infidel	Respond to of 25522

Intel Reportedly in Talks With Japanese Chip Makers on Possible Alliance Thursday September 26, 7:58 am ET Dow Jones Newswires TOKYO -- Intel Corp. (NasdaqNM:INTC - News) is in talks with four Japanese chip makers, including Mitsubishi Electric Corp. about creating a strategic alliance, an industry source close to the deal said Thursday. In addition to Mitsubishi, the companies in talks with the U.S. chip maker include Hitachi Ltd. , NEC Corp. and Elpida Memory Inc., a joint venture set up by Hitachi and NEC, the source said Thursday. Taiwan's Powerchip Semiconductor Corp. is also likely to "benefit from the strategic alliance," the source said. Mitsubishi Electric currently consigns more than 50% of production of dynamic random access memory, or DRAM, chips to Powerchip Semiconductor and has a minor stake in the company. The Economic Daily News of Taiwan reported Thursday that an announcement on the alliance will be made next week in Japan at the earliest. Intel will use Powerchip's two 12-inch wafer plants to produce chips that are more advanced as part of the alliance, according to the report. Spokesmen at Mitsubishi Electric and Elpida said they didn't know anything about talks on an alliance with Intel, while spokesmen at Intel's Japanese unit Intel K.K. and Hitachi declined to comment on the report. An NEC official wasn't available to comment. Wednesday, the Nihon Keizai Shimbun of Japan reported that NEC, Hitachi and Mitsubishi Electric are in the final stage of negotiations to integrate their DRAM operations as early as April 2003, and that Mitsubishi Electric's DRAM business will likely be taken over by Elpida Memory. The companies said they were considering various options to strengthen their memory chip operations, though they haven't made any definitive decision on the matter.