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S KOREA'S CHIP-MAKING EQUIPMENT MAKERS SPEED UP CHINA ENTRY.
SEOUL, April 1 Asia Pulse - South Korea's chip-making equipment makers are stepping up their advance into the Chinese market, taking advantage of a steep rise in demand for semiconductors in China and its low production costs, industry sources said Monday.
K.C.Tech Co, which specializes in gas cabinets and Web stations, will push to set up a joint-venture production unit near Shanghai with a Taiwanese partner, beginning the second half of this year.
With the Chinese unit, the company plans to produce low value-added gas cabinets first and later extend to Web stations, which need high value-added technologies.
"We will push ahead with the strategy to raise equipment exports to China and improve our cost competitiveness using China's cheap labor costs," a company official said.
K.C. Tech hopes to hike its proportion of Chinese exports to 37 percent of total volume this year, up from 28 percent last year, with its exports to China rising to 9.7 billion won (US$7.31 million).
In a similar move, PSK Tech ...
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