China is to spend Yn820m on promoting the use of high technology to develop energy resources in the Bohai Sea. The focus will be on technology for precision exploration, advanced drilling and enhanced recovery. According to Xinhua, the Bohai Sea has total reserves of 9.7bn tons of oil and gas, but its production last year […]
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Help for high-tech firms
The Chinese government has introduced a new policy designed to promote the use of new- and high-technology by domestic companies, said Caijing magazine. Traditional industries will be encouraged to use more technology and specific sectors such as bioengineering, aerospace, renewable energy and marine industries will be given extra support. More private equity will be encouraged […]
Shanghai Hua Hong NEC Electronics Co will this year start producing integrated circuits for use in China's national identity cards, said Nikkei Business Daily. The joint venture will supply chips for the new smart cards and has already begun working with the Chinese authorities on encryption technology. As a security measure, the company will be […]
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Shanghai investment booms
Shanghai may attract up to US$2bn in semiconductor investment this year, Reuters reported a senior official of the Shanghai Integrated Circuit Association as telling a local industry forum. The figure was based on investment proposals submitted to the city government and was 30 per cent higher than in the previous year. For example, two Taiwanese […]
Toshiba Corp is to buy the remaining 5 per cent of its semiconductor joint venture Wuxi Huazhi Semiconductor from its Chinese partner, Huajin Electronics, making it a wholly owned subsidiary of the Japanese company. Some US$30m will be spent on increasing capacity to 30m units a month. Toshiba also plans to move the plant to […]