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Politics : Formerly About Applied Materials

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To: Proud_Infidel who wrote (39179)	11/7/2000 9:43:26 AM
From: Proud_Infidel	Read Replies (1) of 70976

ON Semiconductor Looks to China for Further Growth November 7, 2000 (HONG KONG) -- ON Semiconductor, a major company in the design and manufacture of broadband and power management chips, said its sales in the Asia Pacific region for the first nine months of 2000 exceeded US$500 million. "We have seen generally strong demand in the region," said Henry Leung, ON Semiconductor's president for the Asia Pacific region. The latest company sales figures showed that Asia Pacific shipments of analog chips used for power management applications in mobile devices such as cellular phones and PDAs were up almost 40 percent over the same period last year. New applications such as the use of nine of the company's power management chips in the recently introduced U.S. version of Sony's PlayStation 2 are expected to provide continued growth in the remainder of 2000 and in 2001. In addition, Leung said ON Semiconductor sees China as one of its brightest opportunities in 2001 with the country's entry into the World Trade Organization. ON Semiconductor's joint venture Leshan-Phoenix is considered one of the largest foreign investment enterprises in China, with an approved total investment of US$280 million. Employing more than 1,600 people, the plant shipped 4 billion chips in 1999 to customers around the world, and is expected to ship more than 7 billion units this year. It has been Sichuan's largest exporter since 1997. (Eleanor Yeung, Hong Kong Editor, Asia Biztech/Nikkei Electronics Asia)

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