China to set up $16 bln integrated circuit investment firm - - China Daily News - Chinadaily Forum
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China to set up $16 bln integrated circuit investment firm - [Copy link] 中文

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Post time 2018-2-14 09:40:04 |Display all floors
CHONGQING - The municipal government of Chongqing, Tsinghua Unigroup and Sino IC Capital have signed a strategic agreement to set up an integrated circuit (IC) investment firm with a registered capital of 100 billion yuan ($15.8 billion).
The joint venture is expected to invest up to $100 billion in the IC manufacturing bases of Tsinghua Unigroup in the next 10 years, the Chongqing municipal gover ...

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Post time 2018-2-14 09:40:05 |Display all floors
Both State-Owned-Enterprises and State-Linked-Enterprises need closer monitoring to ensure resources well deployed.

Its time China's SOEs and SLEs start to lead the global economic with professionalism and integrity. As China moves in that direction its good for China's government to invite some of its domestic and most of its neighboring countries' MNCs to join the fray.

This will provide huge employment and economic opportunities for the entire Central to East Asia. It will also translate into a huge market for the same. When there are shared interests, squabbles are less likely to happen and co-operation from every field is possible. Enabling people movement should dictate the closeness and extent of co-operation between one country and another. No country should be allowed to take money from another participating country without allowing its people in. The more open a country is to people movement, the closer should China work with it.

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Post time 2018-2-14 15:18:21 |Display all floors
I hope they don't build any semi plants near active seismic zones.
If capitalism promotes innovation and creativity then why aren't scientists and artists the richest people in a capitalist nation?

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