China chipmaker boosting capacity

February 27, 2004 – Shanghai Huahong NEC Electronics Co. plans to boost chip capacity by 25% to 40,000 wafers/month in 2004, and up to 100,000 wafers/month in the next three years, with funding generated by an upcoming IPO, according to Reuters.

The firm, which last year said it was preparing a stock listing in Hong Kong in 2004, is backed by Huahong Group, NEC Corp., and Jazz Semiconductor.

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