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

To: robert b furman who wrote (12311)	12/3/2004 1:39:24 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

ST to spend US$1.2 billion in Singapore, says report By Peter Clarke Silicon Strategies 12/03/2004, 12:56 PM ET SINGAPORE — STMicroelectronics NV is set to invest $1.2 billion in Singapore and hire 1,000 technical and engineering staff over the next two years, according to a UPI report. The company already employs 7,500 people and has so far invested $2.9 billion, UPI said quoting a Business Times report Friday. The majority of the money would be used to fully facilitize three wafer fabs, one producing chips on 200-mm diameter wafers and two on 150-mm wafers. and two new Asia-Pacific buildings that will house R&D, chip design, training and a regional headquarters, at Ang Mo Kio. STMicroelectronics Asia Pacific Pte. Ltd., a wholly-owned subsidiary of STMicroelectronics NV, was scheduled to open the ST TechnoPark at Ang Mo Kio on Thursday (Dec. 2). According to UPI Pasquale Pistorio, ST's chief executive officer, told a news briefing that Singapore now accounts for 30 percent of the company's global manufacturing output. "I want to see the output double over the next five years," the report quoted Pistorio as saying.