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LG Semicon in Wales mothballed

And Hyundai plant in Scotland mothballed too

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Sources close to LG Semicon's plant in Newport, Wales, said today that its entire DRAM plant has been mothballed over the last few weeks. The reason was the impending deal between Hyundai and LG Semicon, reported here yesterday. (Story: LG Semicon-Hyundai strike deal) But worse is to come. According to our source in Newport, its hiring scheme has been put in hold. He said: "A lot of people have been told, after they were hired, that they will have a job. But it is unlikely they will have a job." No-one from Hyundai's DRAM plant in Scotland was available for comment at press time, but our understanding is that that plant is mothballed too, and under construction. The whole issue raises questions of the UK government. Through the Welsh Office and the Scottish Office, British taxpayers subsidised the building of the fabs. Yesterday, Her Majesty the Queen Elizabeth II returned on a trade mission from Seoul, in South Korea, as reported here earlier. ®

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