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Tag Archive: investment

LG to Build a Second DTV Plant in Poland

The company has decided to invest, by 2010, a total of USD 110 million in the projected second DTV plant to respond to Europe’s rapidly growing DTV demands, together with its first plant inMlawa.

LG Electronics and the Polish government signed an investment agreement at the Press Center of the Polish investment agency (Palilz) on April 11. Among participants in the event were Yoon Sang-han,Executive Vice President and concurrently head of Digital Display unit, No Seog-ho, President of the Polish Subsidiary, Polish Economic Minister Jacek Piechota, investment agency head AndrzejZdebski,and other personnel. Under the agreement, the company will invest in constructing another DTV plant and the Polish government will provide full support.

Intel to invest $100 mill in Elpida Memory

Elpida Memory plans to use the proceeds from this proposed investment and other intended financing to significantly boost production at its 300-mm, sub-0.11 micron DRAM wafer fabrication plant in Hiroshima, Japan. Assuming timely satisfaction of all closing conditions, including satisfactory completion of due diligence, receipt of necessary internal and regulatory approvals and achievement of a substantial additional funding amount from other investors, the parties anticipate closing the Intel investment in coordination with the closing of the additional financing that Elpida intends to raise later this year.

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