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BIZCHINA / Center
NEC Elec to double China sales by 2010
(Reuters)
Updated: 2007-08-13 15:46
Japan's NEC Electronics Corp aims to double its sales in China to 100
billion yen ($845 million) by fiscal 2010 by boosting its operations in
the market, which is expected to grow more than 10 percent annually, the
Nikkei business daily reported on Sunday.
The chip maker, 70 percent-owned by NEC Corp, plans to double its
workforce in China, including the number of its design engineers, by
fiscal 2010 from the current 400, the paper said.
Chip sales are expected to expand in China on rapidly growing demand for
semiconductors used for air conditioners and electric bicycles, the
Nikkei said.
The company also aims to raise its sales to Chinese home electronics
makers to nearly 50 percent of its total sales in China in fiscal 2010
from 35 percent in 2006, the paper said.
(For more biz stories, please visit Industry Updates)
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