Taiwan's Inventec Corp., the world's fourth largest contract notebook computer maker, said on Dec. 28 it will spend $800 million to build a plant in southwestern China.
Inventec said it had signed an agreement for the five-year investment project with the government of Chongqing over the weekend.
Inventec said the Chongqing plant will become its second China manufacturing base after an existing plant in Shanghai.
In the initial phase of the investment, the Chongqing facility will focus on notebook computer manufacturing and then expand to servers, mobile communications and software production.
The Taiwanese company said it expects the Chongqing plant will create $10 billion in annual output five years after the investment is completed.
It was not clear from the statement when the plant would become operational, or whether it would be a joint venture.
Copyright Agence France-Presse, 2009