National Semiconductor Corp. (Santa Clara, CA) has signed a memorandum of understanding with the Suzhou Industrial Park Administrative Committee to lease 36 acres of land for an assembly and test plant in China's Suzhou Industrial Park.
Construction of the facility is expected to begin in November 2002. The facility is anticipated to be up and operational, with around 500 employees, in 2004. As part of this major expansion in China, the company expects to invest up to $200.0 million for construction, equipment and personnel during the next five years.
"National Semiconductor recognizes the importance of China's role in the global electronics industry. Working closely with local officials, we intend to provide competitive services to our Chinese customers," said National Semiconductor Chairman, President and CEO Brian Halla. "With this new assembly and test facility in Suzhou Industrial Park, National Semiconductor will be able to provide complete technology solutions quickly and efficiently to our expanding list of customers."