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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 Weekly news
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