SGS to expand manufacturing, research centers
Article Abstract:
SGS-Thomson Microelectronics NV, the Franco-Italian semiconductor manufacturer, announced plans to spend $1 billion to expand production and research operations in France and Italy. The company, based in St. Genis, France, will spend half of the $1 billion to upgrade its research and manufacturing center in Crolles, France. The upgrade will allow the facility to produce microchips on 300-millimeter wafers of silicon. The rest of the money will be invested in its facility in Agrate Brianza, Italy. The Italian facility designs "nonvolatile" chips used in multimedia computers, smartcards, wireless communications, TVs and other consumer products.
Comment:
Plans to spend $1 billion to expand production and research operations in France and Italy
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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A Siemens factory revives English town then costs it dearly
Article Abstract:
Siemens AG of Germany closes its 15-months old semiconductor plant in North Tyneside, England, UK, due to the slowdown in the semiconductor market. The $1.87-billion investment, which was anticipated to bring 1,100 job to the area, had to be shut down because it continued to give losses to the company. The number of people affected by the closure is not yet known but Siemens has given offers to 30% of its North Tyneside employees. The company will still maintain its chip plants in Germany, France, Taiwan and the US.
Comment:
Closes its 15-months old semiconductor plant in North Tyneside, England, UK, due to the slowdown in the semiconductor market
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Cap Gemini mulls choices on Dutch unit
Article Abstract:
Cap Gemini SA will determine its strategy for the acquisition of the stock in its Dutch unit which it does not already own. Cap Gemini stated that Cap Gemini NV's 12.2 million shares had been tendered by the deadline of July 15, 1999. Cap Gemini SA's share in the unit will increase to between 84% and 85% from 56.4% if its proposed 1.2 billion euro deal pushes through.
Comment:
Cap Gemini SA to determine strategy for acquisition of stock in its Dutch unit which it does not already own
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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