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The information below comes from the UK Activity Report.
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Hyundai 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 The information above comes from the UK Activity Report Copyright UK Business Park 1995-2007