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Has Merger Sounded Death Knell For LG's UK Chip Project.

The death knell for LG Semiconductor's $2bn Newport, UK-based chip project may have been sounded by the successful completion of merger talks between LG and Hyundai Group. The government body that backed the project - the Welsh Development Agency (WDA) - has confirmed that the plant may not now be completed, according to press reports. The memory chip fab has been built but not yet fitted out with production equipment. A spokesperson at the Newport site said that it would be some time before the fate of the plant was decided.
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Publication:Computergram International
Geographic Code:4EUUK
Date:Apr 28, 1999
Words:89
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