Fairchild to Expand Manufacturing Facilities in China
Fairchild Semiconductor International (South Portland, ME) announced plans to construct a new manufacturing and warehouse facility in China. The 800,000sqft factory located in the China-Singapore Suzhou Industrial Park in Suzhou, Jiangsu Province, China, will be a state-of-the-art assembly and test facility for a broad range of logic, discrete and analog products.
"This is a landmark announcement for Fairchild. As a cornerstone of our growth strategy, we plan to more than double sales in China by 2004. We're the leading global supplier of power components, and this plant in Suzhou will play a vital role in supplying our customers with multi-market semiconductors that meet the needs of next-generation applications," said Kirk Pond, president, CEO and chairman of Fairchild Semiconductor.
The first phase is planned to start in early 2002 with the construction of a $10.0 million, 120,000sqft facility. The total investment, including land purchase, construction costs and tooling, is expected to be $200.0 million over the next five years.