March 31, 1998 |
The world's largest computer chip maker, Intel Corp. on Monday said it will invest $1 billion in plants and equipment in Asia and buy $1 billion of products from South Korea this year. The investments reflect Intel's belief that Asia will remain one of the fastest-growing markets for personal computers. The company sees "major growth in PC usage," in Asia, Intel President and Chief Operating Officer Craig Barrett said in Seoul during a trip through the region. Intel shares fell $1.