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Article: HITACHI TO LAUNCH HARD DISK DRIVE FACTORY IN S. CHINA.
- Article from:
- AsiaPulse News
- Article date:
- June 23, 2004
CopyrightCOPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SHENZHEN, June 23 Asia Pulse - Japan's Hitachi Global Storage Technologies will invest US$500 million to build a hard disk drive factory in Shenzhen, south China's Guangdong Province.
A memorandum of understanding on the project was signed between the Japanese company and the Shenzhen municipal government Monday.
The factory has a designed annual production capacity of 70 million hard disk drives and annual output value is predicted at US$3 billion.
Speaking at the signing ceremony, Shenzhen Mayor Li Hongzhong said the project would further push the development of new and high-tech industry in Shenzhen.
"Hard disk drives are a core ...