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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (64048)	5/27/2002 9:58:37 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Foundries to make mainland big player Five new projects planned -- South China Morning Post, 5/27/2002 e-insite.net China is set to become a leading player on the world's semiconductor manufacturing stage by 2008 as a result of planned investments in foundries, CLSA researchers say. At least US$ 5 billion would be invested to build five foundries in China within the next few years, according Cheng Ming-kai, CLSA Emerging Markets semiconductor analyst. The world's two leading dedicated chip makers - United Microelectronics and Taiwan Semiconductor Manufacturing - will each build eight-inch foundries in China next year, at a projected combined cost of US$ 1.2 billion. The duo will be the first Taiwanese chip-makers to set up foundries in China after the Taiwanese Government lifted a ban on such investments earlier this year. Singapore Chartered Semiconductor Manufacturing, the world's third-largest chip foundry, would also build a plant, according to Mr Cheng. Two Taiwan-backed Chinese foundry start-ups - Semiconductor Manufacturing International and Grace Semiconductor Manufacturing - have also announced multi-billion-dollar plans to set up higher-end chip production in Shanghai. Mr Cheng expected to see China's semiconductor manufacturing industry gradually taking off after 2004 as foreign and domestic integrated circuit makers built up their wafer fabrication plants in China in the coming few years. "I think the Chinese semiconductor industry will get up to its feet. You will see a lot more fabs (wafer fabrication plants) or foundries in the next few years," he said.