Shanghai Belling has formed a US$340m chip-making venture with Shanghai Zhangjiang Hi-Tech Park Development Co, reported Bloomberg. Belling will invest US$114m in the venture, with the remainder to come from Zhangjiang. The facility will have an initial capacity to produce 120,000 eight-inch wafers a year. Taiwan is to end its ban on local firms establishing […]
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Matsushita Electric Industrial is to increase its output of optical parts for DVD players in Dalian by 40 per cent, said Nikkei Business Daily. The Japanese group will invest US$7m on the expansion to bring its production capacity to 5m parts a year
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Haier forms foreign alliances
Haier Group, China’s biggest home appliance manufacturer, is setting up an alliance with Taiwan’s Sampo Corp to sell each other’s products, reported Bloomberg. This followed an announcement in January by Sanyo of Japan that it was teaming up with Haier to sell its products through Haier’s 9,000 outlets and 12,000 service centres. Sanyo and Haier […]
The US-headquartered McDonald’s Corporation has been ordered to remove its signature golden arches from outside 30 of its 81 outlets in Beijing, Xinhua reported. The arches have fallen foul of a municipal by-law forbidding shop displays separated from the premises themselves. The director of public relations at Beijing McDonald’s Food Co said that removing the […]
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7-Eleven to enter Shanghai
7-Eleven, the Texas-headquartered convenience store chain, has decided to extend its China operations into Shanghai, according to ‘reliable sources’ quoted in Shanghai Daily. 7-Eleven, the world’s largest convenience store operator, currently is only present in Guangdong province where its sole mainland licensee, Dairy Farm International, operates more than 70 stores in Shenzhen and Guangzhou. The […]