Friday, April 23, 2004
Infineon Technologies said it will invest $1 billion to expand a chip plant in Richmond, Va, and increase its work force in a move to add capacity to prepare for chip market recovery.
The expansion plans include installing equipment to manufacture memory chips on larger 300 millimeter wafers starting early next year and increase its work force at the plant to 2,550 from 1,750, the company said.
"Overall customer demand, both for logic as well as memory chips, is increasing at a strong pace," Infineon's chief operating officer, Andreas von Zitzewitz, said in a statement. The expansion plan at Richmond "will give Infineon the option to ramp up additional capacity rapidly if and when it is required by market conditions," he said.
By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved
|
