Semiconductor Program: Auto Components and Project List

semiconductor program: Despite the ongoing China-US trade war, eight US companies showed up on the project list, including California-based Omni Vision Technologies, which announced it would increase investment by 20 million in its semiconductor program in its Shanghai facility, said the report, according to Global Times China. Other US companies are engaged in the consumer goods, new material, auto components and medical care sectors. Covering such sectors as financial services, food, vehicles and biomedicine, the projects were collectively signed at a hotel in Shanghai, according to a report of thepaper.cn Thursday. With China's further opening-up in the financial sector progressing, more foreign companies can hold controlling stakes in their joint ventures in China. JPMorgan Chase announced in March that it received approval from the China Securities Regulatory Commission to establish a new majority owned and controlled securities company in China - JPMorgan Securities China Co - the first securities company in the country controlled by foreign capital. Both US-based JPMorgan Chase and German insurer Allianz have invested in Shanghai to gain a foothold. (news.financializer.com). As reported in the news.