Intel to Buy Colorado Chip Plant from Rockwell

STOCKHOLM (02/03/2000) - Intel Corp. yesterday said it has signed a letter of intent to buy Rockwell International Corp.'s wafer fabrication facility in Colorado Springs, Colorado.

The purchase will mean a significant increase in short-term chip manufacturing capacity, Intel said in a statement. Assuming that the deal goes through, Intel said it expects to start manufacturing flash memory chips at the Colorado Springs facility as soon as by year's end.

Financial details about the proposed deal were not disclosed.

Intel did, however, say that it plans to install equipment for its 0.18 micron process technology for eight-inch wafers, and invest as much as US$1.5 billion at the facility. When fully operational, the facility would offer as many as one thousand new job opportunities, Intel said.

The Rockwell-owned facility is currently vacant, and consists of two wafer fabrication plants, one of which was never utilized, Intel said.

Separately, Intel today also announced plans to acquire Thinkit Technologies Inc., a company that designs communications chips. [See "Intel Acquires Chip Design Company in India," Feb. 3.]Intel, in Santa Clara, California, can be reached via the Web at http://www.intel.com/.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

More about IntelMicronRockwellThinkit Technologies

Show Comments
[]