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New Year Special Features '99

  • China's Largest Chip Manufacturer Set Up in Shanghai
  • January 8, 1999 (SHANGHAI, China) -- The Shanghai Huahong (Group) Co., Ltd. recently founded the nation's largest microchip manufacturer in Shanghai.
    Two new Huahong subsidiaries also were established, bringing the total number of the company's subsidiaries to six.

    The Shanghai Huahong (Group) Co., Ltd. was established on the basis of the Shanghai Huahong Microelectronics Co., Ltd., which was formerly the largest venture of its kind in China. The new venture was established with a total investment of RMB10 billion (US$1.2 billion).

    The group plans to play a leading role in the nation's microelectronics industry and become a major multinational company.

    (Xinhua News Agency)

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    Updated: Thu Jan 7 17:42:45 1999 PDT