Article Abstract:
Prominent Chinese entrepreneur Jian Mianheng, son of China's president, and Winston Wang, son of Wang-yung Ching, chairman of Taiwan's Formosa Plastics, have launched a cooperative venture to build a $1.63 billion computer chip plant in Shanghai. The plant will produce eight-inch wafers containing circuits that measure 0.25 micron across. Although this is several generations behind the latest technology elsewhere in the world, it will make the factory the most advanced chip plant, surpassing the six others, in China. China will soon take Taiwan's place as the third-largest maker of personal computer hardware in the world.
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Article Abstract:
US trade representative Carla A. Hills announces that Japan is not meeting the terms of a 1991 trade agreement to purchase 20 percent of its semiconductors from foreign companies. Despite the agreement, Japanese firms meeting only 14.6 of their semiconductor needs via imports. Hills hinted, but did not explicitly mention, that the US may be forced to take corrective action if the trade situation does not improve. NEC Corporation has opened an international trading office in San Jose, CA in an attempt to narrow the trade deficit. However, Fujitsu Ltd has compounded the problem by closing a US semiconductor plant.
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The six-member International Thermonuclear Experimental Reactor consortium has chosen France to be the site of the world's first large-scale, sustainable nuclear fusion reactor after Japan pulled out of the bidding.
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