| LG Semicon, Intel Said Negotiating Capital Ties
June 26, 1998 (TOKYO) -- LG Semicon Co., Ltd. and Intel Corp.
reportedly are in final-stage negotiations for Intel to provide
financing of US$1 billion to the Korean firm, Nikkei Microdevices
learned from Korea semiconductor industry sources.
|An LG Semicon public relations spokesman confirmed the company is
holding negotiations with overseas semiconductor manufacturers for
capital ties and joint investments, but could not comment on the
names of potential partners not contents of the negotiations.
Korea's government has proposed that companies exchange their
business units with others within each conglomerate to streamline
business activities. However, LG appears to have declined that
proposal, instead leaning toward targeting overseas capital ties to
continue its semiconductor business, industry sources said.