It
is reported that European chipmaker STMicroelectronics plans to expand one of
its two plants located in China, according to a June 18, 2010 Bloomberg report.
STMicroelectronics said that it plans to recruit more staff to double the
output of the plant located in Longgang, Shenzhen, by 2012, according to the
same source. The announcement was made despite the fact that the Shenzhen government
has required employers to increase minimum wages by 16% starting from July this
year.
STMicroelectronics,
headquartered in Geneva, set up the Longgang plant in 2008. Currently
STMicroelectronics hires a total of approximately 7,000 workers in China, and
China accounted for about one-fourth of STMicroelectronics' global sales in the
first quarter of 2010, according to STMicroelectronics.