A bicycle owner drives previous a brand of medication and chemical substances group Merck KGaA in Darmstadt, Germany January 28, 2016. REUTERS/Ralph Orlowski
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SHANGHAI/TAIPEI, May 31 (Reuters) – German provider of chemical substances and supplies used in making semiconductors, KGaA (MRCG.DE), stated on Tuesday it had signed a contract to open a semiconductor base in the Chinese metropolis of Zhangjiagang, describing it as its largest single electronics enterprise funding in the nation.
The firm, in an announcement printed to its official WeChat account, stated the deal was signed with native authorities.
The new 69-acre base will home mass manufacturing crops for semiconductor supplies, together with skinny movies and specialty gasses, warehouses, and operations facilities.
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“We firmly believe that China’s semiconductor industry and the entire electronic information industry are in a period of golden development opportunities,” stated President of Merck China Allan Gabor, in accordance to the assertion.
Merck stated earlier this 12 months it should make investments no less than one other one billion yuan ($150.18 million) in China by 2025 to assist the chip trade. Of that mount, 550 million yuan ($82.60 million) will go in the direction of the brand new Zhangjiagang base, Merck advised Reuters.
Zhangjiagang is a county-level metropolis underneath the administration of Suzhou metropolis, which is about 100 kilometres east of Shanghai.
($1 = 6.6587 Chinese yuan renminbi)
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Reporting by Brenda Goh in Shanghai and Sarah Wu in Taipei; Additional reporting by Roxanne Liu; Editing by Kirsten Donovan and Bernadette Baum
Our Standards: The Thomson Reuters Trust Principles.
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