California Foreign Investments South Korea

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.

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.

The California economy produces more goods and services annually than Canada. And with each passing year, its prosperity becomes increasingly linked to its success in the global economy. As the state approaches a new millennium, it faces challenges that will help determine whether it will become an even bigger economic force in the world or whether it will fade amid mounting problems at home. Financial Times correspondents, based both here and in capitals abroad, give their impressions on the California economy through a special lens.

The California economy produces more goods and services annually than Canada. And with each passing year, its prosperity becomes increasingly linked to its success in the global economy. As the state approaches a new millennium, it faces challenges that will help determine whether it will become an even bigger economic force in the world or whether it will fade amid mounting problems at home. Financial Times correspondents, based both here and in capitals abroad, give their impressions on the California economy through a special lens.

Pacific Alliance Communities, the Yorba Linda home builder, has received a $19-million cash infusion from one of South Korea's largest construction and development firms, Sungwon Corp. of Seoul. The new joint partnership plans to develop 160 single-family homes in Victorville. The home building project may be the first of many for Sungwon, which is looking to invest $50 million in Southern California home building projects during the next year.

Pacific Alliance Communities, the Yorba Linda home builder, has received a $19-million cash infusion from one of South Korea's largest construction and development firms, Sungwon Corp. of Seoul. The new joint partnership plans to develop 160 single-family homes in Victorville. The home building project may be the first of many for Sungwon, which is looking to invest $50 million in Southern California home building projects during the next year.