National Semiconductor Corporation today signed a memorandum of understanding (MOU) with the Suzhou Industrial Park Administrative Committee to lease 36 acres of land for an assembly and test plant in China’s Suzhou Industrial Park.
Construction of the new integrated circuit (IC) manufacturing facility in east China’s Jiangsu Province is expected to begin in November of 2002. The facility is expected to be operational, with around 500 employees, in 2004.
As part of this major expansion into China, National Semiconductor expects to invest up to $200 million for construction, equipment, facilities and personnel during the next five years.
China is said to represent one of the largest global growth opportunities for National Semiconductor. According to the Chinese Semiconductor Industry Association, China’s semiconductor market is expected to reach 30.2 billion units this year and 33.4 billion units by 2003.