Thu, Jun 03, 2004 - Page 11 News List

Business Briefs

AGENCIES

■ Unaxis to invest US$30 million

Unaxis Holding AG, Europe's third-largest maker of semiconductor-production equipment, said it will invest NT$1 billion (US$30 million) in a Taiwanese unit that will assemble machinery to make materials for flat-panel displays used in computers and televisions.

The project in Chunan is the largest by Unaxis in the country, the company said in an e-mailed statement.

■ ASE buys NEC unit

Advanced Semiconductor Engin-eering Inc (日月光), the world's second-largest chip packager, said it expects US$165 million in sales during the next 12 months from its purchase of an NEC Electronics Corp unit.

Advanced Semiconductor completed the purchase of NEC's IC packaging and testing division, the Kaohsiung-based company said in a statement. Advanced Semiconductor agreed to buy NEC's operations for about US$40 million.

■ Chi Mei may snub China

Chi Mei Optoelectronics Corp (奇美) may consider investing elsewhere if it is not welcome in China, after state-run media recently branded its chairman Hsu Wen-lung (許文龍) "persona non grata" for his perceived support for Taiwan's independence, according to a Chinese-language newspaper in Taipei.

In an interview with the paper, Hsu said "Chi Mei will consider investing in Vietnam and other countries where labor costs are lower," if China does not welcome the company.

"What Beijing is doing may have a negative effect on Chi Mei's chemical plant in China in the near term but it may also undermine other firms' interest to invest there," Hsu

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