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May 9, 1997updated 05 Sep 2016 1:05pm

NEC CORP IN $1BN CHINA CHIP VENTURE

By CBR Staff Writer

Japanese NEC Corp has agreed in principle to set up a joint venture with Shanghai-owned Huahong Microelectronics Co, after agreeing to participate in China’s $1bn project to manufacture chips. NEC will provide technology to improve processing in memory and logic, and a 30% stake.

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