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

To: Gottfried who wrote (3524)	10/8/2002 3:33:54 PM
From: Proud_Infidel	Respond to of 25522

Infineon to halt investments on logic fabs Semiconductor Business News (10/08/02 02:59 p.m. EST) MUNICH--Infineon Technologies AG today said it would no longer invest in fabs that produce logic IC products, and instead, will rely more on silicon foundries, according to a report from Reuters. Ulrich Schumacher, CEO of Infineon, told Reuters that the German chip maker will continue to manufacture its own memory chips, which generate between 25-40% of its sales. "We won't do any more logic-manufacturing investments. If demand (for logic) becomes higher than our current capacity, we'll go to foundries," Schumacher told Reuters. Infineon currently outsources between 10-15% of all its IC production, but the company is under pressure to reduce costs. Infineon is closely aligned with several foundries. The company has a joint 300-mm foundry venture in Singapore with United Microelectronics Corp. (UMC).