U K
The information below comes from the
UK Activity Report.
Hyundai is looking to resume the development of its two semiconductor plants in Scotland and Wales next year, and is seeking a joint venture partner. 30-Oct-1999
Hyundai is said to be ready to restart work on the £3bn semiconductor factory near Dunfermline, 17 months after investment was halted due to the collapse of the Far Eastern financial markets. 24-May-1999
LG Group of South Korea is selling its semiconductor division to Hyundai, but no decision has yet been made on the future of LG's chip plant in Wales and Hyundai's $5bn Scottish project. 07-Jan-1999
LG's £1.2bn microchip development in South Wales could be under threat from the South Korean company's decision to merge with Hyundai, a move that was prompted by the Asian financial crisis. 04-Sep-1998
Talks have broken down between Hyundai Electronics and Intel over the rescue of Hyundai's unfinished semiconductor plant in Dunfermline, but attempts to find a buyer or joint venture partner will continue. 06-Aug-1998
Hyundai Semiconductor has announced the indefinite postponement of the completion of its memory chip plant in Dunfermline, due to overcapacity in the sector and its failure to find a partner for the project. 27-Jun-1998
LG and Hyundai have both warned of further delays in their plans to open semiconductor plants in Wales and Scotland due to the financial crisis in South Korea, and they are looking for international partners to help them complete the projects. 15-Apr-1998
Hyundai of South Korea has stopped construction work on the £1bn microchip factory in Dunfermline for four months, due to the financial crisis in Asia. 10-Feb-1998
Hyundai is now expected to delay the opening of its microchip plant in Dunfermline for up to a year due to the problems with the Korean economy. 11-Dec-1997
Lex Service has acquired the remaining 49.9% stake in the UK import franchise for Hyundai cars from IM for £20m. 09-Dec-1997
Hyundai is delaying its £3bn investment in two semiconductor plants in Scotland because of the financial crisis in South Korea. 27-Nov-1997
Hyundai has dropped Sir Robert McAlpine as the main contractor for its £1bn microchip plant in Dunfermline, following a disagreement over pricing. 12-Jul-1997
Hyundai of South Korea is said to be considering Bristol, Tyne and Wear, and Scotland as potential sites to build a major European car plant capable of making 100,000 cars a year, with the creation of over 2,000 jobs. 25-Apr-1997
Hyundai Electronics is planning to invest £2.4bn in the construction of two semiconductor plants at Dunfermline in Fife, creating 2,000 jobs. 09-Oct-1996
Hyundai of South Korea has postponed plans for a semiconductor plant in the UK due to falling prices for memory chips. 12-Sep-1996
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The information above comes from the
UK Activity Report
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