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Intel's why from the divestment to reinvest?

In February this year, the world’s largest chip maker Intel Corporation USA suddenly announced: Within 12 months to close its located in the Waigaoqiao (600,648, stock it) Bonded Intel Products (Shanghai) Co., Ltd.. Because of plant closings involving nearly 2,000 employees employment, the matter immediately aroused great repercussions at home and abroad. More than five months later, closed factories still in progress, but by the Intel Corporation and STMicroelectronics, the world’s largest joint venture company Numonyx NOR flash memory business, but it contributed $ 30 million, and the Waigaoqiao Free Trade Zone Development Co., Ltd. plant lease contract signed, the newly established Yi Chong semiconductor (Shanghai) Co., Ltd., and will be put into operation by the end of this year. Coming off of Intel Products (Shanghai) Co., Ltd. flash technology development team of about 200 people, will all join the new company.
From the divestment to reinvest, Intel series of actions, what does that mean?
Corporate relocation industry due to the transfer of real
"It’s very unexpected ." Waigaoqiao Free Trade Zone Development Corporation presided over the work of the new deputy general manager Yu Yong yesterday talking about six months ago, Intel divestment of things that Intel make such an important decision , not a spur of the moment , it is impossible to recover . With the relocation of factories and a lot of complicated transaction processing factories in contact with the running Intel relocation of factories to slowly clear up the reason , the attitude of the park areas have gradually turned from frustration to understand .
In fact, the reason why Intel divestment lockouts, Shanghai ’s investment environment is not bad , but capital flows to low-cost regions almost always , in 1995 Intel settled in Waigaoqiao is the case, the business will now be integrated into the Chengdu plant the same way. Meanwhile, the state launched the western development program , giving foreign investors preferential policies to attract Intel . From an international point of view, the processing trade industry shift to a region’s " survival " is usually 10 to 15 years , while Intel Waigaoqiao plant for nearly 14 years , has also been formally put into operation more than 11 years .
" Able to retain a good course , but even if not retain, we must not greeted when investment, divestment move out when it indifferent ." Yu Yong explains how to help Intel plant relocation process. The new development of the company specially arranged several employees , responsible for helping Intel factory processing challenges , such as a large problem Customs duty and other production equipment . Yu Yong said : "We should Atmospheric some, this only reflects the Shanghai people ’s mind , but also to lay the foundation for future investment ."
Shanghai still has the advantage of foreign investment
A few years ago , Unilever will invest in its factories relocated to Shanghai , Hefei , causing a big stir in the community. Today, Intel evacuation Waigaoqiao , some people are more foreign investment in Shanghai as well as the advantages and attractiveness of doubt . In fact , Intel’s history of investment in Shanghai will be able to answer this question.
Intel’s investment in Shanghai began in late 1995 , when only invested $ 30 million , the second capital increase to $ 99 million in 1997 and increased to $ 198 million , in April 1998 Intel Technology ( China ) Company production, engaged in chip packaging and testing business. April 1998 to set up new investment trading company . In 2001 , the factory once again increased to $ 302 million . 2002 renamed Intel Products ( Shanghai ) Company , the highest annual export of over $ 2 billion . 2004 invested $ 39 million R & D centers . 2007 invested $ 160 million to set up regional headquarters . Not difficult to see , Intel Capital Shanghai showing the process of rising industrial level , reflecting its confidence in Shanghai ’s regular yearly increase.
In February this year when Intel announced Waigaoqiao plant relocation , his spokesman reiterated that Intel is still the main Shanghai R & D base and the headquarters of China , and to China headquarters $ 110 million capital increase . This series of actions all show that Intel’s investment in Shanghai is still full of hope , despite the divestment , but more capital , higher levels of investment industry , the entire Chinese market and the Asia-Pacific market radiation stronger.
In fact, today’s level of productivity far beyond Shanghai United States, Britain and other developed countries , the amount of foreign investment are quite astonishing , therefore , we have no reason to lose the advantages of Shanghai foreign investment confidence .
Investment demand is the key to adapt
Market competition, survival of the fittest , Shanghai foreign investment also faces enormous challenges. If we say , especially since the reform and opening up the development and opening of Pudong , Shanghai foreign investment from scratch is not easy , then the country and neighboring countries face intense competition to attract foreign investment , may soon face a new round of industrial upgrading and industrial transfer , can win the competition for Shanghai is undoubtedly a severe test. One of the most critical is whether Shanghai times, adapt to changing investment needs .
Although Intel announced the withdrawal of Waigaoqiao plant , but do not think its headquarters in Shanghai can not engage in the manufacturing sector . In fact, two years ago from Intel had set it with STMicroelectronics, the world’s largest joint venture company settled Numonyx NOR flash memory business in Shanghai. However, due to various reasons, the appropriate investment site has not been found .
Faced with new investment opportunities, new development company did not wash their hands because Intel plant relocation, but race against time, to develop programs based on customer demand, the final selection of the new development zone 70 plant. By persuading existing corporate relocation elsewhere, according to Yi Chong Semiconductor (Shanghai) Company renovated the special requirements, installation of equipment, but made ​​an exception initiative to help solve the financing problem. Currently, the company has signed a record memories of a five-year period with the new development of the company, a total of three cycles of plant leasing contract. And Intel’s worldwide investment began to introduce new investors to continue to develop on the plant Intel divestment of land.
Cage for a bird, flew a number of regrettable, but in turn attracted more beautiful Phoenix, which is probably a lot of people unexpected results, and very intriguing.
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