Intel Corp (INTC)

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Intel says no plans to get into DRAM business

SEOUL, Oct 02, 2002 (AFX-Europe via COMTEX) -- Intel Corp chief operating officer Paul Otellini said the company has no plans to enter the DRAM business, rejecting reports the firm may form alliances to jointly construct wafer plants in Taiwan.

Intel has "no intention to get into the DRAM business," Otellini said at a press conference.

Earlier, the Commercial Times cited an unidentified source as saying that Intel Corp is seeking a Taiwan DRAM partner to jointly build two 12-inch-wafer plants in Taiwan within three years.