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BIZCHINA / Overseas Investment
Renesas to double chip production in China to 90m by 2008
(Xinhua)
Updated: 2007-07-16 09:40
Renesas Technology (China) will increase its annual production of
semiconductor chips from the current 50 million to 90 million by the end
of 2008.
"8-bit chips used to be the major driver in the Chinese market and now
the country is demanding more and more 16-bit and 32-bit chips," chief
executive and managing officer of Renesas China Masahiro Yamamura told
Xinhua in an exclusive interview.
"To keep up with production, we will hire another 150 developers and
designers," he said.
Renesas, a leading manufacturer of semiconductor devices, has two
factories in China, one in Beijing and the other in Suzhou near Shanghai.
"We have no plan to set up new factories in China at this stage," he
said. "We will reach the target by improving production efficiency or
opening new assembly lines."
China will become Renesas's largest production base for semiconductor
chips, he said.
Sales in China represented about 10 percent of Renesas's global revenue
of 952.6 billion Japanese yen in fiscal 2006.
Renesas Technology Corp, based in Tokyo, is a joint venture between
Hitachi and Mitsubishi.
(For more biz stories, please visit Industry Updates)
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