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THE opening of a US$3.5 billion (S$4.8 billion) plant in Singapore to make cutting-edge memory chips has been delayed - the latest casualty of the global semiconductor industry slowdown.
The high-tech factory, a joint venture between technology heavyweights Micron and Intel, had been due to open later this year, but this has been set back until the middle of next year.
The joint venture, known as IM Flash Technologies, will make solid-state memory chips for MP3 players and portable storage devices.
The delay was announced yesterday by IM Flash Technologies' executive officer, Mr Rodney Morgan.
The plant in Bendemeer Road is one of the biggest-ever investments in Singapore's electronics industry.
Despite the delay, the company said it remains committed to the project. It has already hired 800 staff, of whom 500 are now in the United States undergoing training, to operate the plant when it is open.
Read the full story in Tuesday's edition of The Straits Times.
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