A much-touted Shanghai semiconductor joint venture between the sons of a Taiwan business mogul and China's president appears in question, local media reported yesterday.
The ground-breaking for the US$1.63 billion (NT$52 billion) investment took place Nov. 18 last year, but further preparation of the site has stalled, according to a report in a local Chinese-language newspaper yesterday.
The proposed 8-inch wafer plant -- a collaboration between Winston Wang (
Wang said he is still optimistic about the outlook, dismissing concerns that his planned 8-inch wafer plant located in the Shanghai Zhangjiang High-Tech Park (張江高科技園區) has not yet begun basic construction site clearance work.
In addition, the plant is expected to begin a test run by the end of this year with a monthly production of 50,000 wafers.
Rumors are circulating in the local press that Grace Semiconductor is currently facing a number of financing hurdles and that several of the company's middle-level executives -- sourced from Taiwan Semiconductor Manufacturing Co (台積電) -- have been returning to Taiwan following the delays.
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By refusing to agree spending increases to appease US President Donald Trump, Spanish Prime Minister Pedro Sanchez threatened to derail a summit that NATO Secretary-General Mark Rutte needs to run smoothly for the sake of the military alliance’s future survival. Ahead of yesterday’s gathering in The Hague, Netherlands, things were going off the rails. European officials have expressed irritation at the spoiler role that Sanchez is playing when their No. 1 task is to line up behind a pledge to raise defense spending to 5 percent of GDP. Rutte needed to keep Spain in line while preventing others such as Slovakia
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