Taiwan’s effort to roll out a nationwide WiMax network got a shot in the arm when Intel said it would invest $500 million in the country, with most of the funding earmarked for the WiMax sector.
The Taiwanese government and a group of high-tech companies last fall said they would invest $664 million in WiMax deployment.
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United States-based appliance maker Whirlpool Corporation and China’s Hisense Group will invest in a 900-million-yuan (US$1.28 billion) joint venture to make high-end washing-machines and refrigerators.
The two companies signed an agreement in Qingdao, Shandong Province, yesterday and announced cooperation on research and development, production and procurement in the 50-50 joint venture.
Tags: investment
Baoshan Iron & Steel Co posted a better-than-expected 16 percent rise in quarterly net profit as higher steel prices offset rising raw material costs.
Baosteel, China’s largest mill, earned 4.26 billion yuan (US$608 million), or 0.24 yuan per share, in the first quarter, against 3.68 billion yuan, or 0.21 yuan per share, a year earlier, according [...]
Huadian Power International Corporation, the largest Independent Power Producer (IPP) in Shandong Province of China, announced that the company has signed a RMB 22 billion worth of coal purchase framework agreement with Shandong province-based Yanzhou Coal Mining Co, sources reported.
This move will help Huadian Power better deal with the rising coal price, the company said.
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International Business Machines Corporation (IBM) has chosen Shanghai, after its Asia-Pacific headquarters in 2004, as its new unit headquarters for growth markets, Linda Sanford, IBM senior vice president said last Thursday during the IBM Forum 2008 in Shanghai.
She said the new unit headquarters in Shanghai will be responsible for managing several new growth markets, namely [...]
China National Chemicals Import & Export Corporation (Sinochem), one of the key state-owned enterprises under the supervision of State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, announced that its subsidiary Sinochem Petroleum Exploration & Development acquired a 100% equity interest of Soco Yemen Pty. Ltd. (Soco Yemen) for US$465 million, sources reported.
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