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Shanghai HHNEC delays 12-in fab construction

Posted: 13 Nov 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Hua Hong NEC Electronics? HHNEC? 12-in fab?

Shanghai Hua Hong NEC Electronics Co. Ltd (HHNEC) will hold off the construction of its 12-inch fab as the company was unsuccessful in acquiring a $200 million subsidy from the central government to finance the project.

HHNEC says its plans will still push through at a later date, but it did not reveal any details about the construction and production schedule. In addition, the company has recruited David Wang, former executive from Applied Materials Inc, as its CEO.

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