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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Gemini who wrote (18107)	6/16/1998 1:57:00 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 25960

Singapore is a cosmopolitan city with state-of-the-art computer access /services and air transport connections. Easy access to Korea, Taiwan, or any other god-forsaken place someone cares to place a semi-fab, yet a home base in a city many people would find desirable either single or with a family. Check out Cyberville in Singapore cyberville.com.sg

To: Gemini who wrote (18107)	6/16/1998 3:17:00 AM
From: FJB	Read Replies (1) \| Respond to of 25960

Allan, RE: Can anyone mention just one Cymer customer who is there? Off the top of my head, Chartered is Singapore based, Hitachi has a fab there, and NEC is building one. Don't have any exact numbers, but I'd guess there are at least 10 relatively modern fabs in Singapore and many more packaging facilities. Bob

To: Gemini who wrote (18107)	6/16/1998 3:27:00 AM
From: pat mudge	Read Replies (2) \| Respond to of 25960

Singapore Seeks to Attract Manufacturing Service Firms June 16, 1998 (SINGAPORE) -- Singapore seeks to attract more manufacturing service companies at a time when most Southeast Asian economies are contracting. The government said it will implement policies to emphasize research and development, product design and development, process engineering, testing services and market research to help boost manufacturing industries. B.G. George Yeo, Second Minister for Trade and Industry, said at a recent plant opening that some 5,000 jobs will be created under a new program called Industry 21. To be administered by the Economic Development Board, the program hopes that two-thirds of those new jobs will be knowledge-based jobs. "Our focus must widen from manufacturing alone to manufacturing as part of the value-added in the industry," Yeo said. He added that this will help Singapore achieve its goal of becoming a hub for knowledge-based activities in the region. The new program will effectively replace the government's Manufacturing 2000 plan. The government aims to see manufacturing output account for 25 percent of the country's gross domestic product shortly after 2000. About 40 percent of Singapore's manufacturing sector output is dominated by electronic items like disk drives, semiconductors and printed circuit board (PCB) assemblies. Under the Industry 21 plan, five key initiatives will be undertaken, Yeo said. First, Singapore will place a greater emphasis on diversifying its manufacturing sector. "With each cluster (in the manufacturing industry), we will try to diversify our capabilities and give greater emphasis to manufacturing services," Yeo said. Second, the government will aim to attract multinational companies possessing world-class capabilities and at the same time promote indigenous companies capable of succeeding in global markets. Third, the government will strive to promote a culture of innovation and encourage the spirit of entrepreneurs. And the government will consider changing laws and various aspects of financial regulation to promote high-tech industries in the republic, Yeo added. Fourth, the country will strive to raise its overall level of education. And lastly, Singapore will strengthen its technology connections and other links with the rest of the world, Yeo noted. "For Industry 21 to succeed, Singapore cannot be an island. We have to treat the whole world as our marketplace and talent pool. Our instinct must be to scour the world for capital, knowledge, ideas, talents and inspiration," Yeo said at the opening of a S$70 million manufacturing plant by Siemens Matsushita Components in Singapore. Klaus Ziegler, the company's chief executive, said at the plant opening that the investment reflects the company's longer term commitment to Singapore and the region. He said that demand for its products from global and regional markets remained strong despite the recent sharp devaluation of the yen. The Siemens Matsushita Components plant in Singapore, which has the capability to design products, will make saw filters, an electronic component for TVs, mobile phones and other products. The company expects to make 300,000 filters daily at the new plant for markets around the world. "I don't want to underestimate the region's economic problems, but we know that it is only transitory and that after the difficult years of 1999 and 2000, it will recover," Ziegler said. (Joseph Rajendran, Asia BizTech Correspondent) >>>>