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Technology Stocks : Xilinx (XLNX) -- Ignore unavailable to you. Want to Upgrade?

To: SemiBull who wrote (2941)	3/26/2003 8:29:42 PM
From: SemiBull	Read Replies (1) \| Respond to of 3291

S Korea Anam Semicon: In Talks With Xilinx For Wafer Pact Wednesday March 26, 1:16 am ET SEOUL -(Dow Jones)- South Korea's Anam Semiconductor Inc. , responding to a request for information by the Korea Stock Exchange, said Wednesday it's negotiating with Xilinx Inc. (NasdaqNM:XLNX - News) to produce wafers for them. "We've been in negotiations since September 2002 with Xilinx and, if details are sorted out, we will provide additional details by September," said the chip foundry in a disclosure. Shares of Anam surged more than 9% early Wednesday on rumors that it will sign a contract with Xilinx. By 0533 GMT, the shares had retreated and were up 4.7%, or KRW150, to KRW3,345. The Korea Stock Exchange had asked Anam to clarify the market rumors. Chang-won Chung, an analyst at Daewoo Securities, said Anam will have to upgrade its chip production technology to 0.13 micron technology from 0.18 micron. One micron is a millionth of a meter and the more detailed the circuitry etched on a wafer, the more advanced the chip that can be made from that wafer. "They need to decide if they can invest in this capacity," said Chung. Anam and Xilinx officials weren't immediately available for more information. As reported last year, South Korean conglomerate Dongbu Group will merge its Dongbu Electronics unit with Anam. The newly formed company, to be called Dongbu Anam Semiconductor, is expected to be launched in the first half of this year. Dongbu said in 2002 it plans to spend KRW1.3 trillion by 2006 to upgrade its chip foundry lines in a move to better compete with rivals in Taiwan. -By Yun-Hee Kim; Dow Jones Newswires; 822-732-2165; yun-hee.kim@dowjones.com -Edited by Andrea Thomas