Jay,
I have finally gotten around to starting to spread thing out a little.
I decided to get some Chinese exposure, so I did a little ADR investing:
ACH, NTE, LFC, CBA
Ouch! ... and they are all so "blue chip"!
Lately I decided to follow IBM with a long term buy of LNVGY.
What do you think of the LNVGY/IBM deal?
Yesterday LNVGY/IBM announced that they were going to set up a complete chip mfg opreation from start to finish using AMCC and others (below) to set things up on the mainland.
LNVGY is owned mostly by the government so I assume they will get a lot of orders as they get going?
FR
**************************************
IBM Creates Chip Ecosystem In China
By Ed Sperling, 12.10.04, 12:20 PM ET
Electronic News
IBM Corp. is creating an ecosystem of companies around its Power architecture in China, opening up the architecture as a way of selling other products such as middleware that tie into it.
The move is a significant departure for IBM, which has largely focused its Power architecture on servers. But the Asian market is heavily dependent upon embedded chips in consumer devices, where IBM has only a small presence.
"We will be licensing our architecture openly," said Lisa Su, VP of technology development at IBM. She noted the company only plans to charge a nominal royalty for licensing the Power architecture. "The goal is not to make money off the royalties," she added.
The real money, she noted, will come in the form of servers and software such as middleware, which is the basis of IBM's technology business.
IBM's initial ecosystem includes 15 companies. Among the big names in the consumer space are Sony, already an IBM partner, as well as Chartered Semiconductor and AMCC, Cadence Design Systems and Synopsys in the EDA world and a handful of additional companies that will build chip sets to connect to the Power architecture. Please visit electronicnews.com for more information.
Copyright ?2004 Reed Business Information. All Rights Reserved. |
