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. The US$10bn investment in its chip plant in Songjiang Science and Technology Park will be made in stages.
Meanwhile, Shanghai Huahong NEC Electronics Co said it planned to invest a further US$500m to raise chip capacity after bringing in a US semiconductor investor. California-based Jazz Semiconductor will take 11.32 percent of Huahong NEC. The investment should double capacity to more than 80,000 wafers a month.