STMicroelectronics, Philips Plan $700M Chip Plant

STOCKHOLM (04/14/2000) - Two of Europe's largest chip producers, STMicroelectronics NV (ST) and Philips Semiconductors NV, announced yesterday plans to jointly invest US$700 million to build a pilot line equipped with next-generation 12-inch wafer fabrication equipment.

ST and Philips expect to develop deep sub-micron process technologies capable of geometries down to 0.10 micron and below at the pilot 12-inch wafer line, which will be located in Crolles, France, where ST already operates a wafer fabrication plant, the companies said in a statement.

Building of the pilot line will start later this month, but the first 12-inch wafers are expected to be processed first two years from now.

The agreement further deepens ties between ST and Philips Semiconductors, a unit of the Netherlands-based electronics maker Philips Electronics NV, building on an existing technological cooperation agreement that has been in place since 1992.

Philips Semiconductors, in Eindhoven, the Netherlands, can be reached at +31-40-275-71-89, or via the Web at http://www.philips.semiconductors.com/.

STMicroelectronics, in St. Genis-Pouilly, France, is at +33-4-50-40-25-00, or at http://www.st.com/.

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