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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: B Tate who wrote (5240)	7/22/1998 2:45:00 AM
From: Michael Sphar	Read Replies (1) \| Respond to of 9980

Focusing a little closer to your stomping grounds, I just came across this bit of news elsewhere: << Malaysian foundry acquires assets of Interconnect, plans 200-mm fab KUCHING, Malaysia--A group of investors and the Malaysian State of Sarawak here today announced a new pure-play silicon foundry, called 1st Silicon, which plans to set up a 200-mm wafer processing plant in Kuching to begin production of ICs in the year 2000...>> Wondering a couple of things: (1) How does this line up with your or Stitch's views of smart government funding of industrial opportunities ? Wasn't Interconnect largely funded by some branch of Malaysian Gov't ? So did one branch just off load these assets to another ? (2) Is there economic merit behind this project or does Sarawak just have an extra $billion$ or two in its pockets and think another me-too foundry is a good thing at this time of the business cycle ? Note first silicon would begin shipping no earlier than 1/1/2000. Hopefully after the end of the current downturn has been passed.