By Janet Ong
Nov. 29 (Bloomberg) -- Grace Semiconductor Manufacturing Corp. and Shanghai Huahong NEC Electronics Co. may merge by the first quarter of 2009 at the order of China’s government, the Commercial Times Reported, citing an industry group official.
Merging would help the companies increase their scale and competitiveness amid the global financial crisis, the Chinese- language newspaper said, citing Jiang Shoulei, secretary-general of the Shanghai IC Industry Association.
Shanghai-based Grace Semiconductor is China’s second-largest supplier of customized chips. Huahong NEC is a venture between Japan’s NEC Corp. and Shanghai Huahong Group.
To contact the reporter on this story: Janet Ong in Taipei at jong3@bloomberg.net
Posts
No comments:
Post a Comment