According to the executives of Lenovo Group, China's leading PC maker, the will shut one of its Indian manufacturing facilities to improve production efficiency.

The government of South Korea has reportedly approved Samsung and LG Display's applications to build LCD panel plants in China, on condition that they can prevent technology drains to Chinese rivals.

Taiwan-based Hon Hai Precision Industry has announced plans to invest at least USD1 billion to build a new plant in Chengdu, capital of Sichuan province.

Taiwan-based computer monitor and flat-panel television maker TPV Technology has announced plans to build two new plants in mainland China and Mexico, respectively.

South Korean LCD manufacturer LG Display has announced that it will invest over USD3 billion to build a Guangzhou-based LCD flat-panel plant, which will be the company's first LCD flat-panel factory in China.

Taiwan-based Hon Hai Precision Industry and the international technology company Hewlett-Packard have reached an agreement with the municipal government of Chongqing on the construction of a plant for the production of notebooks and relevant devices.

Chinese television maker Konka has announced plans to invest CNY886 million to build a LCD module plant in Kunshan, Jiangsu province.

The computer production plant in Apodaca, a city in northeastern Mexico, has formally been put into production for China's leading PC maker Lenovo.

The global financial crisis has hit Intel, as the company announced it will shift some assembly and test facilities from Shanghai to Chengdu, a move that will affect about 2,000 Intel employees in Shanghai.

Chinese PC maker Lenovo (LNVGY) plans to cut 200 jobs in its Beijing headquarters, of which about 5% are senior managers and directors.

To broaden sources of income and reduce expenditure, Taiwan-based technology manufacturing group Hon Hai Precision Industry Company is planning to implement large-scale employee relocations to third-tier Chinese mainland cities that can offer preferential tax policies in addition to reducing its operating budget for 2009 by 20%.