The Acer Group, Taiwan's largest supplier of computers and other electronic information appliances, will expand its investment into the Chinese market by setting up its Eastern China headquarters and a computer assembly plant in Shanghai's Pushi District (浦西).
Shanghai is China's largest city and the biggest market for IT products in the country.
All Acer-affiliated companies in East China will move into a finished building currently scheduled for purchase.
The group will also buy a separate plot of land in the district to be used for further expansion.
Acer has been producing personal computers and motherboards at a US$30 million plant in the Guangdong area, but has decided to set up a computer assembly plant in Pushi because of the high number of computer engineers and skilled workers located in the region.
NOT ALL GOOD: Analysts warned that other data for last month might be less rosy due to the virus and analysts expect the PMI to contract again next month Chinese factory activity saw surprise growth last month as businesses went back to work following a lengthy shutdown, but analysts said that the economy faces a challenging recovery as external demand has been devastated by the COVID-19 pandemic, while the World Bank said that growth could screech to a halt. China is slowly returning to life after months of tough restrictions aimed at containing the virus, which put millions of people into virtual house arrest and brought economic activity to a near standstill. The strict measures saw a closely watched gauge of manufacturing plunge to its lowest level on record in February,
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