China seeking investors for 8-in. project

July 7, 2003 – Three Chinese companies have committed to building an 8-in. wafer plant in Tsingdao, China, but are looking for help from foreign investors.

Haier, Chia Tai, and Hynix plan to invest $60 million in the plant, and are hoping to raise up to $50 million more from IC companies abroad.

Haier, which currently imports chips to China, needs the plant in order to boost chip production and reduce costs, but officials would not say when it would be operational.

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