FRIDAY, JANUARY 3, 1992
MACAU GOVERNOR TO VISIT HK
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AT THE INVITATION OF THE GOVERNOR, SIR DAVID WILSON, THE GOVERNOR OF MACAU, GENERAL ROCHA VIEIRA. WILL VISIT HONG KONG ON JANUARY 9.
GENERAL ROCHA VIEIRA WILL BE ACCOMPANIED BY HIS WIFE AND BY HIS DIPLOMATIC ADVISER, DR JOSE FONSECA.
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CHINA AS MAJOR INVESTOR IN MANUFACTURING INDUSTRIES REINFORCED
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THE SUBSTANTIAL INVESTMENT BY THE CHINA-OWNED WORLD WIDE ELECTRONIC CO LTD IN HONG KONG'S HI-TECH INDUSTRY DEMONSTRATES THE CONFIDENCE INVESTORS HAVE IN HONG KONG'S FUTURE, THE ACTING DIRECTOR-GENERAL OF INDUSTRY, MR WILFRED WONG, SAID TODAY (FRIDAY).
LEASE OF A 3.4 CONSTRUCTION OF
SPEAKING AT A SIGNING CEREMONY BETWEEN THE COMPANY AND THE HONG KONG INDUSTRIAL ESTATES CORPORATION FOR THE HECTARE SITE IN THE TAI PO INDUSTRIAL ESTATE FOR THE A WAFER FABRICATION PLANT, MR WONG SAID THE PROJECT CHINA'S POSITION AS A MAJOR INVESTOR IN HONG KONG'S INDUSTRIES.
ALSO REINFORCED MANUFACTURING
AS THE LARGEST SINGLE PROJECT IN THE INDUSTRIAL ESTATES, MR WONG SAID THE PLANT WOULD PRODUCE HI-TECH ELECTRONIC COMPONENTS, NAMELY APPLICATION SPECIFIC INTEGRATED CIRCUITS (ASIC) AND APPLICATION SPECIFIC STANDARD PRODUCTS (ASSP) WITH PROVISION FOR MANUFACTURING DYNAMIC RANDOM ACCESS MEMORY (DRAM) AT A LATER STAGE.
THE STATE-OF-ART TECHNOLOGY INVOLVED IN THE PRODUCTION PROCESSES BORE TESTIMONY TO HONG KONG'S ABILITY TO DIVERSIFY ITS INDUSTRIAL BASE AND UPGRADE ITS INDUSTRIAL PROCESSES AND PRODUCTS, ADDED.
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MR WONG POINTED OUT THAT THE INDUSTRY DEPARTMENT HAD BEEN WORKING CLOSELY WITH THE COMPANY SINCE THE INCEPTION OF THE PROJECT IN EARLY 1990.
"WE HAVE ASSISTED THE COMPANY IN AREAS SUCH AS THE SELECTION OF SUITABLE SITES, TEAMING UP OF JOINT VENTURE PARTNERS, ENGAGEMENT OF FINANCIAL CONSULTANTS AND CLARIFICATION OF COCOM ISSUES,
" HE SAID.
HE SAID IT WAS GRATIFYING TO SEE THAT THE PROJECT HAD COME TO FRUITION WITHIN SUCH A SHORT PERIOD OF TIME.
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