A US$375m chip assembly and test plant will be built by Intel in Chengdu by 2005. The US electronic components manufacturer already has a plant in Shanghai and had estimated China sales of US$3.2bn in 2002. China Daily reported that Taiwan Semiconductor Manufacturing's proposed chip-making investment in Shanghai has received approval from the mainland authorities. […]
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Motorola has teamed up with Hong Kong based computer monitor manufacturer Proview International Holdings in a bid to break the dominance of Japanese and South Korean firms in the mainland monitor market. Proview will produce and sell LCD and cathode ray tube monitors and LCD and plasma television sets in the mainland under the Motorola […]
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SAIC close to split with Chery
mini-car design from a unit of General Motors. SAIC is GM's main China joint venture partner in a rapidly expanding market, reported the Financial Times. The sale could open the way for legal action against Chery, whose vehicle looks similar to a GM mini car called the Matiz, produced by the South Korean-based GM Daewoo […]
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Ford increases commitment to China
US car giant Ford said it would increase its investment in China by US$1bn to US$1.5bn over the next few years to expand output seven-fold in the world's fastest-growing car market. It aims to increase its China production capacity to 150,000 cars a year from its current level of just 20,000. Investment plans at its […]
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Toyota to set up Guangzhou engine plant
Toyota plans to start making about 300,000 passenger car engines a year in a US$270m Guangzhou-based factory, said Nikkei. The engines, to be made in the 70 per cent foreign- owned venture with Guangzhou Automobile, will be shipped to Toyota car assem- bly plants in Taiwan, Thailand and Japan from 2005. The plant will produce […]