Seeking Alpha
Research analyst, long/short equity, ETF investing, foreign companies
Profile| Send Message|
( followers)  
Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories:

Intel, Micron to Make Flash Chips in Singapore [Reuters]

Summary: Intel and Micron Technology announced yesterday they plan to expand their IM Flash joint-venture, adding a fourth fabrication facility, in Singapore. The NAND flash memory facility expects to break ground in the first-half next year, and likely launch in the second-half of 2008, initially using 50nm process technology on 300mm wafers. Micron's CEO said Singapore is "an ideal location for a manufacturing facility." And Intel's VP/GM of its Flash Memory Group commented, "By executing to our strategy of ramping one 300mm fab per year, we fully expect to become one of the top manufacturers of NAND flash memory." Strong demand for portable devices such as digital cameras, mobile phones and music players, is seen driving global growth of NAND flash by 17% this year, to nearly $12 billion.
Related links: Intel Press Release • Earnings call transcripts: Intel Q3 2006 and Micron Technology F4Q06Intel's Q3 Profits Suffer From Price War with AMDIntel Shares Boosted by Q3 Report, But Not Everyone Is ConvincedSell-Side Research on Micron's Disappointing QuarterMicron Disappoints, Stock DropsNVIDIA and PortalPlayer, Not Intel and NVIDIAMicron and the No-Limit Poker GameMerrill's Osha: Intel "Just a Large Company Grappling With Slower Growth"Semi Inventory Pileup Still In Its Early Stages
Potentially impacted stocks and ETFs: Intel (NASDAQ:INTC), Micron (NASDAQ:MU), Advanced Micro Devices (NYSE:AMD), SanDisk (NASDAQ:SNDK) • ETFs: iShares Goldman Sachs Semiconductor (IGW), PowerShares Dynamic Semiconductors (NYSEARCA:PSI), Semiconductor HOLDRs (NYSEARCA:SMH) • Vanguard Information Technology ETF (NYSEARCA:VGT)

Seeking Alpha's Wall Street Breakfast summarizes today's key market- and stock-moving news. Receive it by email every weekday morning (free/no spam).

Seeking Alpha is not affiliated with Reuters.

Source: Intel and Micron to Expand NAND Flash JV to Singapore