Tanks in Tiananmen Square don’t scare ASM Pacific Technology Ltd, listed on the Hong Kong Stock Exchange: the firm has decided to proceed with the development of a manufacturing plant in China’s southern city of Shenzhen despite a generally cautious attitude toward investment on the mainland; the semiconductor capital equipment maker’s managing director, Patrick Lam, said that despite a one-month delay in reaching a final decision, the company’s management believed that the move would have a significant role in achieving its medium- and long-term objectives to achieve an annual growth rate of up to 20%.
