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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.

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.