IBM to Build $300 Million State-of-the-Art Chip Packaging Facility in Shanghai, China

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- 27 Oct 2000: said that today's announcement is a concrete expression of IBM's commitment and cooperation with the Shanghai government to make Shanghai one of theleading high-tech cities in the world. Mr. Zhou also notedthat IBM and the Shanghai government share a long history of cooperation, which willform the basis of a strongpartnership into the future.

IBM is one of the industry's foremost suppliers of interconnect products and services, enabling a full spectrum of applications through packaged semiconductors to fully tested electronic assemblies. IBM semiconductor packaging products are designed to support very high-frequency, high-bandwidth requirements being driven by the Internet while providing unmatched performance and dependability.

IBM's business in China dates back to the 1930's when the company first installed a business machine for a hospital in Beijing. In the 1980's, IBM opened representative offices in Beijing and Shanghai, followed by the establishment of the IBM China Company Limited, a wholly-owned subsidiary of IBM World Trade Corporation, in 1992. The IBM China Research Laboratory was established in Beijing in 1995. Today, IBM China has offices in eleven cities and operates eight joint venture companies in China.

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