Home > Uncategorized > High-Tech Research Moving From US To China

High-Tech Research Moving From US To China

March 18th, 2010 03:00 admin Leave a comment Go to comments

Hugh Pickens writes “The NY Times reports that American companies like Applied Materials are moving their research facilities and engineers to China as the country develops a high-tech economy that increasingly competes directly with the United States. Applied Materials set up its latest solar research labs in China after estimating that China would be producing two-thirds of the world’s solar panels by the end of this year and their chief technology officer, Mark R. Pinto, is the first CTO of a major American tech company to move to China. ‘We’re obviously not giving up on the US,’ says Pinto. ‘China needs more electricity. It’s as simple as that.’ Western companies are also attracted to China’s huge reservoirs of cheap, highly skilled engineers and the subsidies offered by many Chinese cities and regions, particularly for green energy companies. Applied Materials decided to build their new $250 million research facility in Xi’an after the city government sold them a 75-year land lease at a deep discount and is reimbursing the company for roughly a quarter of the lab complex’s operating costs for five years.”

Source: High-Tech Research Moving From US To China

Related Articles:

  1. China Moving To Restrict Neodymium Supply
  2. High-Tech Society Drive Demand for China’s Rare Earth Metals
  3. China To Connect Its High-Speed Rail To Europe
  4. China To Merge High-Speed Train Makers To Cut Competition
  5. China Will Lead World Scientific Research By 2020
blog comments powered by Disqus