China has suspended the establishment of joint ventures with GlobalFoundries
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POSTER: computer news || CHINA HAS SUSPENDED THE ESTABLISHMENT OF JOINT VENTURES WITH GLOBALFOUNDRIES |
DATE:2016-10-23 |
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Popular Taiwanese Internet resource DigiTimes reports that the leadership of the Chinese city Chongqing suspend the process of establishing a joint venture with GlobalFoundries. Earlier this year, we recall, between the authorities and the leadership of Chongqing GlobalFoundries had signed an agreement : was supposed to create a joint venture for the production of semiconductors in China for the local market. GlobalFoundries Company has committed to purchase equipment to upgrade the lines of one of the 200-mm factories in Chongqing for the production of chips on 300-mm wafers. the establishment of joint venture negotiations stop allegedly caused by the fact that GlobalFoundries for used equipment wants to get a new company controlling stake in the amount of 51%. Chinese authorities consider it unfair and are afraid to sell too cheap, especially since they will have to pay for the installation and commissioning of the lines, as well as to fund related expenses. GlobalFoundries company rumors about a possible interest of the company's competitors in the cancellation of the deal to themselves to take part in a joint venture in Chongqing. | ||
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CHINA HAS SUSPENDED THE ESTABLISHMENT OF JOINT VENTURES WITH GLOBALFOUNDRIES |
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