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Chartered to pour $3.5 billion into plant

Chartered Semiconductor Manufacturing, which manufacturers chips on behalf of companies that do not have their own plants, will spend $3.5 billion on a plant in Singapore designed to process 300-millimeter wafers. The 300-millimeter wafers are significantly larger than current 200-millimeter wafers and thus allow manufacturers to produce more chips at a lower cost. The plant is expected to open in 2002. Chartered is the world's third largest-foundry, or contract manufacturer, for chips. CNET Singapore staff reported from Singapore.

CNET News staff
Chartered Semiconductor Manufacturing, which manufacturers chips on behalf of companies that do not have their own plants, will spend $3.5 billion on a plant in Singapore designed to process 300-millimeter wafers. The 300-millimeter wafers are significantly larger than current 200-millimeter wafers and thus allow manufacturers to produce more chips at a lower cost. The plant is expected to open in 2002. Chartered is the world's third largest-foundry, or contract manufacturer, for chips.

CNET Singapore staff reported from Singapore.