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Politics : Formerly About Applied Materials

AMAT 265.39

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Dec 2 3:59 PM EST

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To: Proud_Infidel who wrote (38288)	10/16/2000 9:00:20 AM
From: Proud_Infidel	Read Replies (1) of 70976

Shanghai to Earmark US$18 Billion for Electronic Industry October 16, 2000 (SHANGHAI, China) -- Shanghai will invest RMB150 billion (US$18 billion), or 33 percent of the total industrial input, to develop its electronic information industry in the next five years. Half of the money will go to the integrated circuit industry, according to an integrated circuit development symposium held recently. It is predicted that Shanghai's electronic information industrial value will exceed RMB400 billion in 2005, or one fourth the city's total with an average annual increase of 30 percent. The city will try to establish a leading position in the country in such areas as chip-manufacturing and software design by making use of a manufacturing base with more than ten integrated circuit production lines. Shanghai's integrated circuit industry accounts for half of the country's total. In the next five years, the city stresses the development of seven kinds of products, including integrated circuits, communications products, computer and Internet products, software, visual and audio products. (Xinhua News Agency)

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