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To: TREND1 who wrote (41447)	12/17/1998 11:04:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 53903

Chip Companies Shut, Halt 26 U.S. Plants in '98, USA Today Says Bloomberg News December 17, 1998, 7:00 a.m. PT Palo Alto, California, Dec. 17 (Bloomberg) -- Hewlett- Packard Co., Intel Corp., Micron Technology Inc., Motorola Inc. and other semiconductor makers closed or delayed construction on 26 U.S. plants in the past year amid reduced Asian demand, USA Today said, citing Cahners In-Stat Group. Sometimes companies got state grants for promised projects that didn't pan out, as states like Virginia, Oregon and New Mexico have given companies tax breaks and other incentives for new construction that was postponed, the paper said. As a result, some states have started tying incentives to performance, and Intel, for instance, will owe Washington state up to $2 million next year when it closes a plant employing 650, the paper said. Reduced demand earlier this year caused memory chip prices to fall to about $2 from $60 in 1995, while billings for semiconductors fell about 14 percent in August from August 1997, according to the Semiconductor Industry Association. usatoday.com