Dubai government mulls processor production deal

The Dubai government is considering investing in a new $1.5 billion chip production project in Germany, in alliance with Intel.

  • E-Mail
By  Robin Duff Published  February 12, 2001

The Dubai government is considering the possibility of participation in a new $1.5 billion chip production project in Germany in alliance with Intel and the German based Insitut fur Hableiterphysik (IHP).

A decision will reportedly be taken only within the next four weeks, according to a top official within the Dubai Airport Free Zone (DAFZ). The project has been under study for the last seven months.

“One of the conditions of we have set for our possible participation is that the sister company should be set up in the free zone, which could involve local production as well,” said Mohammed Ahmed Al Zarouni, director-general of DAFZ. “To date there has been no finalisation of our involvement in the project, our stake, or our financial obligations.”

Despite this, there have been rumours that an agreement has already been reached by the three parties for the creation of the production plant, Communicant Semiconductor Technologies (CST), in Frankfurt-an-der-Oder in Germany.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code