FSII - The Worst is Over? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : FSII - The Worst is Over?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Fortinwit who wrote (2031)	6/24/1998 1:50:00 AM
From: Donald Wennerstrom	Read Replies (1) of 2754

Just came across this information tonite as I was "cruising" the web that seems to contain some positive information. (COMTEX) B: Motorola plans 1.5 billion dlr Tianjin chip factory expansion: report BEIJING, June 24 (AFP) - US telecoms giant Motorola Inc. is planning to invest 1.5 billion dollars to expand its semiconductor factory in northern China's Tianjin city, the official Xinhua news agency reported Wednesday. It quoted P.Y. Lai, president of Motorola China Electronics Ltd., as saying the sum -- to be spent over the next two and a half years -- would boost production of microchips used in automotive electronics, telecommunications and the energy sector. The decision was made after China reinstated on January 1 foreign companies' exemption from tariffs and taxes on capital-goods imported for their own use. A Motorola spokeswoman in Beijing refused to confirm the report, saying the company had yet to announce any such decision. She said Xinhua recently interviewed Lai at the factory, completed in 1995 at a cost of 720 million dollars. The report indicated the expansion would be all new investment, but also said the project would help boost Motorola's total investment in China to 2.5 billion dollars by 2000 -- the same figure cited last October. It comes on the heels of the company's announcement Tuesday of more than 325 million dollars in contracts to provide cellular infrastructure equipment to eastern China's Zhejiang province. Motorola is already one of the biggest single foreign investors in China, having pumped more than 1.2 billion dollars into the country to date. China sales in 1996 came to 3.1 billion dollars and accounted for 11 percent of the company's global total.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next