Shiming US Inc, a Chinese based consumer electronics manufacturer, has started construction on a $400 million technology complex joint venture with the Chinese government. The complex will sit on 200,000 square meters of land already owned by the company. The official groundbreaking featured dignitaries from the city of Baoji and greater Guangdong Province, China, along with company CEO, Shiming Wang. According to the company, the Chinese government is currently bringing 3G nationwide and Shiming US’s new technology campus under construction will serve to satisfy China’s imminent massive demand for new 3G phone technologies. During 2009-2010, China expects to switch the current 600,000,000 cell phone users to 3G. The country is building its own 3G networks and supply chain from the bottom up in order to domestically retain the economic benefits of 3G, and thus has a policy favoring selected domestic manufacturers. Shiming believes it has significant and lasting advantage over established international 3G suppliers and domestic Chinese 3G start-ups due to this government policy. Shiming’s new technology campus will also have manufacturing space dedicated to other emerging technologies, including solar energy cells, silicon chips, and products for the rapidly expanding fields of oil field services and oil exploration. www.snshiming.com |