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  • Motorola to Invest US$225M in Joint Venture in Sichuan
  • August 18, 1998 (CHENGDU, China) -- Motorola Inc. of the United States will invest US$225 million in southwest China's Sichuan province for the third-phase expansion project of Leshan-Phoenix Semiconductor Co., Ltd.
    The company is the first joint venture between Motorola and China. When the expansion project is completed, the company's annual output of semiconductor devices will increase from 2.5 billion units to 7.5 billion units.

    Also, the plant will produce 1 billion integrated circuits and 250 million transistors a year.

    A Motorola official said that the company is satisfied with its cooperation with Sichuan, and plans to build a venture for production of electronic spare parts and semiconductors at the Chengdu New and High-tech Development Zone.

    Sichuan has approved 6,740 foreign-funded projects, which have a total contract value of US$8.1 billion.

    (Xinhua News Agency)

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    Updated: Mon Aug 17 18:23:36 1998 PDT