Hua Hong NEC Electronics Co. Ltd.

11/01/1997

Work on what is planned to be China`s most ambitious fab is moving ahead, as the new joint venture company Hua Hong NEC Electronics Co. Ltd., Shanghai, has appointed a president and chairman and started construction on the $1 billion project. Zhang Wenyi, Deputy Minister for Electronics Industry, has been appointed chairman of the new company, which will employ about 500 in 1999 and 700 by 2001. NEC Corp. VP Toshihiko Kuniyoshi has been appointed president. The 70-30 joint venture between NEC Corp. and Shanghai Hua Hong Microelectronics Co., will produce 20,000, 200-mm wafers/month and use 0.35-micron design rules when the new fab reaches full capacity in September 1999. Sales of the new company`s products will initially only be sold in China, where the top three chipmakers, with 77% of market share, have annual revenues of 2.3 billion yuan (about $276 million). Later, sales will be expanded to the Asian region and other worldwide regions.

- WaferNews