ASE plans $60M investment in China factory
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Taiwanese chip assembler Advanced Semiconductor EngineeringÂ (ASE) plans to invest $60 million in a low-end chip assembly company based in China.
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China Construction Bank  said on Tuesday it was launching an initial public offer of shares that is expected to be China's biggest, raising more than $7 billion.
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China's Small Industries Struggle to be Green (2) Gao decided to take the risk. The company invested 70 million yuan (about 9 million U.S. dollars), including 100,000 U.S.
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Blackstone Group  has agreed to buy 20 percent of chemical maker China National BlueStar (Group) Corp for up to $600 million, the private equity groups said on Monday, marking its first major investment in the fast-growing market.
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(InfoWorld) - Taiwanese chip assembler Advanced Semiconductor EngineeringÂ (ASE) plans to invest $60 million in a low-end chip assembly company based in China. ASE's board of directors approved a plan to invest in Global Advanced Packaging Technology, a Shanghai company, ASE said Thursday. ASE will need approval from Taiwanese regulators to move forward on the investment due to strict regulations meant to keep Taiwanese technology from ending up in missiles and other military hardware aimed at the island by rival China. Taiwan and China remain enemies after splitting in 1949 amid civil war. Despite the strained relationship andÂ tough investment rules, China remains by far the favored destination for Taiwanese investment due to their shared language and culture, and China's lower costs and huge potential market. Currently, ASE has no chip assembly investments in China, despite the fact that earlier this year Taipei gave a green light to chip makers to invest in low-end chip assembly. Although the government announced it would allow such investments, not a single application has been approved by Taipei, and companies remain unsure of how to apply to regulators. Analysts say that the approval process remains very much subject to politics in Taiwan, due mainly to the rivalry with China. In related news, ASE said it will form a special committee to evaluate aÂ possible $5.5 billion dealÂ to be bought out by a consortium led by The Carlyle Group. So far, ASE has only received an indication of interest from Carlyle, not a formal offer. The deal could transform ASE into a U.S. company, where Carlyle is based, thereby allowing ASE to invest in China without asking Taipei for permission. China's growing electronics industry requires chips, and chip assembly factories nearby can help ensure quick placement inside gadgets. Carlyle's interest in ASE is also a sign of the times. There have been a string of private equity deals in the chip industry recently. A few months ago, Carlyle was part of a team that sealed a deal to buy Freescale SemiconductorÂ for $17.6 billion, while Koninklijke Philips ElectronicsÂ sold a majority in its chip unit to another group for around $10.6 billion. Â ADVERTISEMENTNEW IT SERVICES FROM IBM: EASIER TO BUY AND IMPLEMENTDiscover a simpler, more cost-effective way to get the solutions your company needs to grow more flexible and efficient.
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Firm set to announce plan to build stateside factory, CEO Kevin Rollins says, in wide-ranging interview with CNET News.com.
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Airbus plans to source more parts for its planes from China and to establish an engineering base there, the head of the plane maker&#39;s Chinese operations said yesterday.
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China to use 55 billion yuan to settle problems in Three Gorges region    BEIJING, Feb. 27 (Xinhua) -- The Chinese government will invest 55 billion yuan (6.88 billion U.S.
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East China province invests 3.6 bln yuan in sea water desalination    JINAN, Feb. 22 (Xinhua) -- East China's Shandong Province, a coastal region that suffers from a shortage of fresh water, will invest 3.6 billion yuan over the next four years to build 21 sea water desalination plants.
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Boeing Co. BA.N will sign on Friday  deals worth up to $7.5 billion to sell 60 of its 7E7 Dreamliner  planes to six Chinese airlines, a source familiar with the  transactions said on Thursday.
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(InfoWorld) - Four Taiwanese chip assembly companies have won preliminaryÂ government approval for investments in China, including aÂ joint venture with Europe's NXP Semiconductors. The companies must still await final approval by the Taiwan Investment Commission before moving forward, an economics ministry official said Tuesday. Government agencies involved in China-bound investment decisions have already voiced agreement to allow the four companies to invest in low-end chip assembly operations in China. Final approval is expected within the next few months. Taiwan carefully regulates technology investments to China over fears the Chinese military could use the technology against the island, in addition to nervousness about job losses and losing its competitive edge. Taiwan and China remain enemies after splitting in 1949 amid civil war. Taiwan has developed a vibrant economy and a democratic government in the time since the separation, while China's economic development started more recently. Despite their strained relationship, China remains the favored destination for Taiwanese investment due to their shared language and culture, as well as China's lower costs and incentives for building factories. Among the four investments, Taiwanese officials have given a nod to a deal between NXP Semiconductors, the former chip division of Koninklijke Philips Electronics, and Advanced Semiconductor Engineering (ASE), the world's largest independent chip packaging and testing company. Earlier this year, the two companies signed a memorandum of understanding to form a joint venture in Suzhou, China. ASE will take a 60 percent stake in the venture, while NXP will hold the remaining 40 percent. The other three Taiwanese companies winning preliminary approval are Siliconware Precision Industries Co Ltd., Greatek Electronics Inc., and Walton Advanced Engineering Inc. As part of their China applications, the four companies all included plans to continue investing in Taiwan, the official said. In all, they promised to invest NT$75 billion (US$2.29 billion) in Taiwan over the next three years, including NT$40 billion from ASE, NT$20 billion from Siliconware, NT$10 billion from Greatek and NT$5 billion from Walton. ASE and Siliconware executives could not immediately be reached for comment, while Greatek and Walton both declined to immediately comment.
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Chinese machinery maker Sany Heavy  Industry Co will sign a memorandum of understanding with the  U.S. state of Georgia on Wednesday to build a $60 million  plant, a source familiar with the situation said on Tuesday.
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BEIJING - A group of state-owned Chinese companies has agreed to help finance and build an iron ore and infrastructure project worth nearly $2 billion (Australian) in the Pilbara region of western Australia.
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New Oriental Energy &amp; Chemical Corp. (OTCBB: NOEC), an emerging alternative fuel and specialty chemical manufacturer in China, announced today that during November 2006 the Company successfully began construction on its planned expansion of the Company's DME facility.
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According to fdi.gov.cn: According to Germany-based Bayer Group, it has laid down a latest investment plan for 2009 in China. The plan will enable 1.8 billion euro of additional investment in Bayer's new synthetic material production project in Shanghai.
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China needs to invest $120bn (Â£67bn) over the next five years to increase electricity supplies to meet demand, a leading Chinese official has said.
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The Nanjing Automobile Corporation, which bought the remaining MG assets two years ago, is about to restart production in China.