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

Capital expenditures, SGS-Thomson Microelectronics N.V.

---

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

United Kingdom, Plant shutdown, Siemens AG

---

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

Asset sales & divestitures, Acquisitions & mergers, Netherlands, Foreign operations, Computer Services, Computer Systems Design and Related Services, Mergers, acquisitions and divestments, Computer services industry, Information technology services industry, Information technology services, Abstract, Capgemini S.A., Capgemini Nederland B.V.

Similar abstracts:

• Abstracts: Of MiGs and microchips. How Bill became Larry: the network computer. Intuitively competitive: Intuit owns most of the market for financial software. In the last of our series, we look at its prospect in the age of on-line financial services
• Abstracts: Acer to buy IBM equipment: investors sanguine on benefits of $8 billion deal. Acer hits Siemens snags
• Abstracts: Publicis to buy U.S. ad agency, boost presence. Publicis wins Hewlett-Packard advertising duties
• Abstracts: Valeo to buy parts unit of ITT Industries in U.S. Pernod weighs selling Yoo-Hoo after it unlods Orangina brand

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.