The Digital Source For China's Tech Innovation Since 2000

Search
Close this search box.

Infineon To Invest US$1.2 Billion In China By 2007

September 24, 2003
Computing

Infineon is planning to invest $US1.2 billion in China by 2007 in order to double its share in the Chinese computer chip market to 10 per cent within the next five years.

"We have set ourselves ambitious goals in China and are confident that we can achieve them," chairman Ulrich Schumacher said. "In the next five years we aim to double our market share in China from its current 5.0 per cent to 10 per cent."

Although he did not elaborate on a time frame, Schumacher indicated that Infineon will focus primarily on memory chips and secure mobile solutions in China, with a goal of grabbing a 40 per cent share of the market for memory chips, while at the same time continuing to look for new partners and to set up new JVs in China.

"Joint ventures for front-end and back-end production in China are strategic steps that set us apart from our competitors. And they will greatly contribute to ensuring we succeed in our goal to achieve a greater market share," Mr. Schumacher said.

The Chinese semiconductor market is expected to triple in size to more than $US80 billion by 2007, Infineon said, quoting forecasts by market research firm iSuppli.

Tags: AIM | chairman | China | Chinese | chip | chips | computer | Infineon | joint venture | market research | market share | mobile | production | research | semiconductor | share

Other Related News:

China's Lenovo To Shut Plant In India

January 26, 2010

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. Slater Sentinel

September 18, 2021

Top Pentagon Intel Officer Tells Congress: India Intends to Use Russian Missiles to Target China

May 20, 2022

‘Dream come true’: Shein opens pop-up in Sydney’s Parramatta

May 25, 2023

picoChip Establishes Beijing Design Center

November 22, 2006

Ford to spend $1.3B to transform Canada factory into EV manufacturing hub

April 11, 2023

NS Partners Ltd Grows Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Slater Sentinel

May 8, 2022

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Holdings Lifted by Wealthsource Partners LLC

August 7, 2022

Pop Star Android Makes Her Debut At The Robot Conference In China BTISHOP.MA

August 20, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter