View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 11, 1994


By CBR Staff Writer

Yet more US computer industry assets are heading east with the news that the buyer for AT&T Corp’s substantial NCR Microelectronics business is Hyundai Corp. The Hyundai Electronics America Inc unit of the Seoul, South Korea company has definitive agreement to acquire the Colorado Springs and Miamisburg, Ohio-based business, for in excess of $300m, which also covers some patents and trademarks. Hyundai, which is already the controlling shareholder in Maxtor Corp, reckons this will be the largest direct investment by a South Korean company in the US. It plans to retain current management of NCR and operate it as an independent, autonomous subsidiary. NCR Microelectronics is described as a world leader in the production, marketing and sale of complex application-specific integrated circuits, high performance circuit boards and data storage systems: it is probably best known for its disk controllers – all of which raises the question of why it was not regarded as an attractive extension to AT&T Microelectronics. Assets include two plants in Colorado and facilities in Wichita, Kansas and employment totals 1,850.

Content from our partners
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester
Infosecurity Europe 2024: Rethink the power of infosecurity

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.