The mysterious Beijing made $600 million in Fukang core shareholders background of Taiwan

Recently, a company called Fullcomp International Investment (Fukang international investment Co. Ltd., hereinafter referred to as "Fukang international") of the company signed an agreement with the Beijing municipal government, in the construction of Beijing Linhe Industrial Development Zone two 8 inch chip production factory. The project total investment of $600 million, divided into two phases, is expected to be completed and put into operation in the two quarter of 2007, the monthly production capacity of the plan for the 50 thousand.

Mystery investor

This is second only to SMIC's 12 inch chip factory's key investment projects, will increase the competitive edge of the semiconductor industry between Beijing and Shanghai." Beijing Economic Commission, science and Technology Department, told reporters.

He said, the project provides land and construction by the Beijing municipal government and Linhe Industrial Development Zone, a total value of approximately $100 million, $100 million will be pre fullcomp international cash register to set up a wholly owned subsidiary of Fukang Tongchuang in the forest river industrial area (Beijing) Company (hereinafter referred to as Fukang Tongchuang). Except for the complete construction of Fukang Tongchuang chip production and OEM business, will also invest in the establishment of IC design and marketing company.

Fukang international Chinese shareholders may have backgrounds in Taiwan." The science and Technology Department said that the project will use 0.25-0.13 micron technology in production of 8 inches of chip specifications, products mainly supply computer, communication, consumer electronics and automotive electronics.

According to the reporter, Fukang international in Samoa islands of the southern Pacific Ocean, is an investment company, its claim to a technology partner for IBM. According to informed sources, specific planning, assist in the actual plant planning, production technology, production, distribution and other aspects of the IPO, IBM could not fully participate in the investment, behind the real operators may semiconductor companies from Taiwan province.

Vertical investment

"The chip manufacturing industry needs clean facilities and adequate water and electricity supply. Beijing is dry, dusty and short of electricity. It is not a very suitable place, but the city's investment support has made up for these disadvantages." Fukang international chairman of the board Wu Liguo March 4th said in a telephone interview.

According to the Beijing Municipal Economic Commission, the Department of science and technology sources, Beijing city specific policy support for the semiconductor industry, including: land policy, the government to "zero rent" approach to provide investors with "land roads, power, heat, communications, natural gas, water, sewage and smooth", a period of 30 years;

Government to follow up the investment, to meet the conditions of the integrated circuit enterprises, the government of 15% of the registered capital of the enterprise to follow up investment, government investment is not the right to vote, not to participate in dividends;

The government subsidized, during the construction of the integrated circuit for projects approved the construction of the municipal government to give loans, loan interest subsidies, according to the actual construction during the loan subsidies, loan interest rate by 1.5 percentage points to the project design production;

Preferential tax policies for the implementation of special policies for VAT, tariff and income tax in accordance with the state's integrated circuit enterprises (18).