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Zongyi forms semiconductor process venture with Jusung

Posted: 12 Apr 2002 ?? ?Print Version ?Bookmark and Share

Keywords:Jusung Engineering? Jusung Nantong Technology? semiconductor process manufacture?

Jiangsu Zongyi Shareholding Co. Ltd has entered into an agreement with South Korea-based Jusung Engineering Co. Ltd to form a semiconductor process equipment venture, named Jusung (Nantong) Technology Co. Ltd. Jusung holds a 60 percent stake while Zongyi holds a 40 percent stake in the joint venture.

Mass production for etching and LCD manufacturing equipment is scheduled to begin at the end of the year. The companies project that the joint venture will reach a sales revenue of $2.8 million this year, and up to $6.6 million next year.

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