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To: Norrin Radd who wrote (3796)8/13/1998 6:02:00 PM
From: DJBEINO  Read Replies (1) | Respond to of 9582
 
News Alert: Siemens Puts U.K. Plant On The Market
(1:50 p.m. EDT, 8/13/98)

In an effort to prevent the loss of some 1,100 jobs due to the closure of its semiconductor plant located in North Tyneside, England, (see: Losses Force Siemens To Close U.K. DRAM Fab)

Germany's Siemens Semiconductor has launched an aggressive campaign to find a buyer for the plant.

The company has reported that it is in the process of soliciting interest from some 500 companies worldwide who may have an interest in the site. Stay tuned for updates on this breaking story.



To: Norrin Radd who wrote (3796)8/13/1998 6:05:00 PM
From: DJBEINO  Read Replies (1) | Respond to of 9582
 
The DRAM price collapse clobbered the earnings of Korea's three big chip makers during the first half of 1998. Samsung Electronics Co. Ltd. managed to squeeze out a small profit gain in the first six months of the year while Hyundai Electronics Industries Co. Ltd. and LG Semicon Co. Ltd. continued their string of losses.

ebnews.com