NEW INTEL FACILITY PLANNED IN CHINA
SANTA CLARA – 04/06/07 – Microchip giant Intel has unveiled plans to build a $2.5 billion semiconductor plant near China’s northeast port city of Dalian.
The factory will reportedly supply chipsets to customers throughout China, which Intel expects to be the largest information technology market by the time the facility opens in 2010.
Chipsets are computer chips that connect a microprocessor to other system components.
The planned Dalian plant will be Intel's first factory in Asia that will fabricate wafers, the thin silicon platters on which dozens of chips are etched, and is expected to boost the company’s investments in the country to $4 billion.
The facility will be sited in a high-tech zone just north of the port and will be one of Intel's eight factories worldwide to produce 12-inch integrated wafers.
The Chinese government had said earlier that Intel will be using 90-nanometer technology – the making of circuits 90 billionths of a meter in width, a technology that is considered to be just one to two generations behind Intel's most advanced technology.
Construction of the plant is scheduled to start before the end of this year.The new project will make Intel "one of the largest foreign investors in China" with nearly $4 billion of investment, said Paul Otellini, Intel's president and CEO, at a recent press conference at the Great Hall of the People in Beijing.
Intel has invested $1.3 billion in the past two decades in assembly, test and research and development facilities in China with operations in both Shanghai and Chengdun that employ about 6,000 workers.
The Chinese government has been trying to attract such high-tech projects in hopes they will help China evolve from a low-cost manufacturing center to a creator of profitable advanced technologies.
The government hopes the new Intel factory will "bring more value-added research projects" to Dalian, said Zhang Xiaoqiang, vice chairman of the National Development and Reform Commission, China's top planning agency.
The new Intel plant will reportedly be China's biggest foreign high-tech investment to date.
Go
back, or read the latest Page Two stories:
CANADIAN FIRM SNAGS AIRPORT PROJECT
SACRAMENTO – 08/11/08 – Canadian transportation multi-national Bombardier has snagged a $29.8 million contract to design, supply and install an automated people mover system at Sacramento International Airport; the automatic train system will transport airline passengers between a ticket terminal and security checkpoints and airline gates at a new Terminal B and, eventually, to Terminal A.
LOMBARD INVESTS $15 MIL IN TAIWAN MANUFACTURER
SAN FRANCISCO – 07/11/08 – Bay Area-based Lombard Investments Inc.
has said it will invest $15 million in Taiwan-based San Shing Fastech
Corporation, a major manufacturer of high quality automotive fastener systems; San Shing said it will use the proceeds to expand its product line and enter new markets.
SECTOR 9 ACQUIRED BY AUSTRALIAN COMPANY
SAN DIEGO – 07/03/08 – Sector 9, a major player in the international skateboard industry, has been acquired by Australia-based Billabong International; the US skateboard company, founded in 1994, is considered a market leader in the design and manufacture of long boards – a niche segment within the skateboard market.
PACER EXPANDS SO CAL CAPACITY
CONCORD – 06/10/08 – Logistics provider Pacer International has expanded its warehouse operations in Southern California with the lease of a new 194,000 square foot warehouse facility in the Los Angeles suburb of Carson; the move gives Pacer subsidiary, Pacer Distribution Services (PDS), more than 800,000 square feet of warehouse capacity at its Southern California campus.
DEERE ACQUIRES T-SYSTEMS INTERNATIONAL
SAN DIEGO – 05/30/08 – Agricultural equipment giant Deere & Company has completed its acquisition of T-Systems International, Inc., the San Diego-based manufacturer and seller of products with a variety of applications in the agricultural, nursery, landscape, mining, and greenhouse industry sectors; T-Systems currently operates manufacturing facilities in both Australia and France.
LAMBORGHINI VROOMS INTO CALIFORNIA
SANTA MONICA – 05/05/08 – Automobili Lamborghini America LLC, the newly-formed US subsidiary of Italian auto icon Lamborghini, has said it will base its US operations in the Southern California city of Santa Monica; the decision was largely based on the fact that California generates about one-third of Lamborghini's total North American sales, according to auto industry media sources.
|
![](http://click.linksynergy.com/fs-bin/click?id=h8BN5KCpRYw&offerid=20386.10000001&type=4&subid=0"><IMG width="120" height="60" alt="blue box" border="0" src="http://www.site59.com/global/images/affiliate/120_60(bl)_01.gif"></a><IMG border="0" width="1" height="1" src="http://ad.linksynergy.com/fs-bin/show?id=h8BN5KCpRYw&bids=20386.10000001&type=4&subid=0">){kind=link}