SURGING INVESTMENT: The company said Chinese customers have been increasing their investments in semiconductors in a push to end reliance on vulnerable imports
Date: May 18, 2018
By: Lisa Wang / Staff reporter, in HSINCHU
Global Unichip Corp (創意電子), which designs application-specific ICs (ASICs) used in cryptocurrency mining machines, is to accelerate hiring in China as Chinese customers are stepping up semiconductor investment amid growing concern about trade tensions between China and the US, a company executive said yesterday.
The Hsinchu-based company plans to more than triple its workforce in China to 150 people by the end of this year, from 45 people.
“China is showing strong investment momentum as it [intends to] adapt” to US President Donald Trump’s administration’s ever-changing trade policy, company president Ken Chen (陳超乾) said on the sidelines of the company’s annual shareholders’ meeting at its headquarters.
The expansion exceeds what was envisioned in the company’s five-year program unveiled in November last year. [FULL STORY]