Business Services Industry
Motorola Inc. and Siemens Introduce a New Company.(Originated from Richmond Times-Dispatch, Va.)
Knight Ridder/Tribune Business News, May, 1996 by Martz, Michael
May 21--Motorola Inc. and Siemens AG introduced a new company yesterday that will begin building a $1.5 billion computer chip factory in eastern Henrico County before the end of the year.
The plant will employ as many as 1,500 people in manufacturing a new generation of high-capacity memory chips for personal computers and a variety of other consumer electronic equipment.
The joint venture, White Oak Semiconductor, is named for White Oak Swamp, which lies next to the 175-acre site selected by the companies after a search that included 20 properties in 16 states.
"The name White Oak gives us a feeling of strength and deep roots," said Dr. Juergen Knorr, chairman of Siemens Semiconductor Group, which is a partner in the venture with Motorola's...
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