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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (752)	9/17/2003 4:50:26 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Infineon to invest $1.2 bn in booming China Reuters Shanghai, September 17 Germany's Infineon, the world's sixth-largest semiconductor maker, will invest $1.2 billion in China up to 2007 to tap booming demand for microchips and electronics in the country's multibillion-dollar market. China's semiconductor sector is experiencing one of the fastest growth rates of any major chip market in the world. Infineon has said it would spend $241.4 million over five years on a new chip assembly plant in the eastern part of the country. "The planned investment in China until 2007 is $1.2 billion, which is a significant part of our overall spending," Infineon Technologies AG's chief executive Ulrich Schumacher told a news conference in Shanghai on Wednesday. Infineon, Europe's number two semiconductor maker, hoped to capture 40 per cent of China's market in memory products, including DRAM (Dynamic Random Access Memory), up from nine per cent, Schumacher said. "It should be definitely somewhere between $500 million and nearly $1 billion depending on the DRAM prices," he told reporters after the news conference. hindustantimes.com