Monday March 15 10:16 AM ET
Compaq To Boost Taiwan Purchases
TAIPEI, Taiwan (AP) - Compaq Computer Corp. (NYSE:CPQ - news), already the
largest foreign buyer of Taiwan's information products, will boost purchases from
the island to $7 billion in 1999 from last year's $5.5 billion, a company executive
said Monday.
Compaq also will establish a research center here to encourage leading-edge
manufacturing methods among local electronics companies, said Greg Petsch, senior vice-president for
global manufacturing at Compaq.
The center will promote technologies such as Internet commerce to help reduce turnaround times for
Compaq's orders from Taiwan, which are slightly slower than Compaq's global average of eight to nine
days, Petsch said
He did not say how much the company would invest, but the China Times Express newspaper quoted
unidentified sources saying the company could pour as much as $30 million into the center.
Compaq is already a key customer for a batch of local technology companies, including Inventec Corp.,
Mitac Inc. and Chuntex Electronics Co., and the top overall foreign buyer of Taiwanese information
products, according to the Economics Ministry.
Taiwan is the world's third biggest producer of computer equipment after the United States and Japan,
with output rising 12 percent last year to $34 billion.
Taiwanese computer chip makers have predicted a double-digit growth in revenues amid a cyclical
upswing in the industry and increased orders from customers gearing up to face the impact of the year
2000 on computer systems.
Mar 12 | Mar 11 | Mar 10 | Mar 09 | Mar 08 | Mar 07 | Mar 06 | Mar 05 | Mar 04 | Mar 03
Index
|
Top Stories
| |
