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IBM invests $300m in Chinese chip plant

IBM is to spend $300m on a chip manufacturing plant in Shanghai, China as part of its ongoing $5bn investment in its semiconductor business.

By Dominic Maher on 27 October 2000 11:30

NEWS It is hoped the new factory, which will make the ceramic coating for chips, will help turn around recent poor results, which according to John Joyce, chief financial officer at IBM, could have been higher but for chip shortages. IBM said it will also build a $2.5bn plant in New York to manufacture copper interconnects and silicon-on-insulator (SOI) technology by 2002, according to reports from the US.

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