Pudong's Biggest Foreign-invested Project Broke Ground

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Monday, November 20, 2000, updated at 16:53(GMT+8)

Business

Pudong's Biggest Foreign-invested Project Broke Ground

Sources from Shanghai say that Shanghai Hongli Semiconductor Manufacture Co. Ltd., known so far as the biggest foreign-invest project in Pudong, with an investment of US$1.63 billion planned, had foundation stone laid at Pudong Zhangjiang Hi-tech Park, Shanghai, on November 18.

Shanghai Hongli is one to be run with funds from several science and technology companies abroad. It will be equipped with most advanced equipment by foreign manufacturers for producing large-size semiconductor integrate circuits to be at a manufacturing level highly comparable to other world advanced abroad. With Shanghai Hongli there will also be built in Pudong Zhangjiang Hi-tech Park a good many of other related industrial undertakings to help turn Shanghai into a large circuit production base as set for the 10th Five-year Plan period.


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	Sources from Shanghai say that Shanghai Hongli Semiconductor Manufacture Co. Ltd., known so far as the biggest foreign-invest project in Pudong, with an investment of US$1.63 billion planned, had foundation stone laid at Pudong Zhangjiang Hi-tech Park, Shanghai, on November 18.




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