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SUNDAY, JANUARY 3, 1988

ACCORDING TO MR TAM, THE PROJECT IS A CAPITAL-INTENSIVE AND BRAIN-INTENSIVE ONE AND THE SUCCESS OF THE PROJECT DEPENDS VERY MUCH ON FUTURE AVAILABILITY OF ENGINEERS, TECHNICIANS, DATA PROCESSING PROFESSIONAL MANAGEMENT PEOPLE.

AND

"YEARS OF CLOSE WORKING RELATIONSHIPS WITH THE UNIVERSITIES AND POLYTECHNICS HAVE TAUGHT US THAT SUCH CANDIDATES CAN BE GENERATED LOCALLY.

WE

WITH THE GOVERNMENT'S EMPHASIS ON SCIENCE AND TECHNOLOGY KNOW THAT ADEQUATE TECHNICAL PEOPLE WILL CONTINUE TO BE AVAILABLE, ADDED MR TAM.

"

'FURTHERMORE, GIVEN ADEQUATE TRAINING, EXPOSURE AND MOTIVATION, ENGINEERS IN HONG KONG ARE ABLE TO PERFORM FIRST-CLASS WORK.

"

MR TAM SAID THAT THROUGHOUT THE DESIGN AND FEASIBILITY STAGES OF THE PROJECT, THE COMPANY HAD RECEIVED SUPPORT AND ASSISTANCE FROM THE INDUSTRY DEPARTMENT AND THE INDUSTRIAL ESTATES CORPORATION.

HONG KONG HAD BEEN CHOSEN AS THE LOCATION FOR MOTOROLA'S "SILICON HARBOUR" PROJECT MAINLY BECAUSE OF ITS ADVANCED

-

—

INFRASTRUCTURE SUPPORT

ESPECIALLY IN AREAS SUCH AS TELECOMMUNICATIONS AND COMPUTERS - AS WELL AS THE COMPANY'S OWN STRONG PROFESSIONAL, TECHNICAL AND MANAGEMENT TEAM WHICH HAS BERN BUILT UP DURING THEIR 20 YEARS' OPERATION IN THE TERRITORY.

"THE COMPANY WERE ALSO IMPRESSED WITH OTHER FAVOURABLE SUCH AS STABLE GOVERNMENT AND LOW TAX RATES, MR TAM SAID.

||

FACTORS

MOTOROLA'S NEW FACILITY IN TAI PO INDUSTRIAL ESTATE WILL PROVIDE A STRATEGIC TOOL TO HELP PENETRATE THE CHINA MARKET, WHILE THE PROXIMITY OF HONG KONG ΤΟ CHINA AND THE COMMON LANGUAGE AND CULTURE ARE ALSO SEEN AS DEFINITE ADVANTAGES.

MOTOROLA, A MAJOR U.S.-BASED ELECTRONIC

OPERATION IN HONG KONG IN 1967.

DURING 1982.

MOTOROLA

COMPANY, STARTED ITS

SEMICONDUCTOR

INAUGURATED

A

MULTI-MILLION DOLLAR FACILITY IN KWAI FONG TO HOUSE ITS ASIA PACIFIC HEADQUARTERS, PRODUCTION/TEST CENTRE AND ENGINEERING LABORATORIES,

A FULLY AUTOMATED INTEGRATED CIRCUIT ASSEMBLY CENTRE WHICH IS A MORE RECENT DEVELOPMENT STARTED OPERATIONS A FEW MONTHS AGO.

FOR MANY YEARS THE UNITED STATES HAS BEEN THE LEADING OVERSEAS INVESTOR IN HONG KONG'S MANUFACTURING INDUSTRY.

f

THE LATEST STATISTICS SHOW THAT AMERICAN INTERESTS ACCOUNT 41 PER CENT OF TOTAL OVERSEAS INVESTMENT IN INDUSTRY.

FOR

AT HK$8,053 MILLION THE TOTAL VALUE OF AMERICAN INVESTMENTS THE END OF 1986 SHOWED AN INCREASE OF 42 PER CENT OVER 1985.

OF THIS TOTAL, 69 PER CENT WAS IN THE ELECTRONICS INDUSTRY.

AT

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