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Investment booms in Chengdu
稿件来源:成都日报 2008-6-22 3:29:49
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四川新闻网-成都日报讯: MPS increases Investment in Chengdu The
America-based Monolithic Power Systems (MPS) signed an agreement on investment
increase on June 16 with an aim to build MPS Chengdu Company as the largest
simulation IC R&D center in China. “The investment is not just an
expansion on production capacity but an enlargement on the whole industrial
chain including production, R&D and sales”, said Xing Zhengren, CEO and
president of MPS. According to the agreement, MPS plans to increase its
investment in Chengdu from US$12 million to US$51 million. Xiao Deming,
president of MPS China, said that the current production capacity of MPS Chengdu
is 600 million ICs per year and it will increase to 1 billion next
year. MPS will increase its staff in Chengdu as well along with the
expansion of the company.“Although we are very strict with enrollment of
talents, the local talents from the local universities such as the University of
Electronic Science and Technology of China can satisfy our requirements either
in quality or quantity, which is just the distinctive advantage of Chengdu IC
industry.”Xiao expressed that low production cost is only one aspect of the city
for attracting investment, on the other aspect, the investment environment of
Chengdu is changing from“offering better policies to keep talents”to“offering
industrial advantages to keep talents”, and the city’s advantage on talents is
the most obvious reflection.“The most needed talents of MPS are engineers and
the demand is expected at around 600,”said Xiao “We appreciate the way
Chengdu faces the disaster with confidence,”he said. MPS started production from
the 3rd day after the quake and the production line suffered little impact and
losses.“The earthquake has little effect on enterprises coming from the Silicon
Valley as the Valley is on the seismic belt. Chengdu is not on the seismic belt
and just suffered seismic waves”, added Xing. Xiao also said,“analyzing
from the market parameters and production resumption of the enterprises in the
area, the earthquake will bring no‘aftershocks’to the city’s IC industry, and
Chengdu is still with overwhelming superiority in the western area or even
domestic area in IC industry.” Lafarge Gypsum starts Operation in Jintang
The new plant of Chengdu Lafarge Gypsum Co., Ltd, with an investment of
RMB110 million, started operation on June 18. It is the third production base of
Lafarge in Chengdu. The designed capacity of the new plant reaches 20 million
square meters per year. Jinjiang District attracts RMB12.6 billion
Investment Jinjiang District Government signed investment agreements with
12 well-known companies from home and abroad on June 19 with a total planned
investment of RMB12.65 billion, among which 10 projects will be located at
Dongdajie Street, a financial institutions concentrated street. Chengdu
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