U.S.-based SemiLEDs Corporation recently laid the foundation of a new USD350 million LED chip project, Xurui Optoelectronics, in Nanhai in Foshan, Guangdong province.

China's "shanzhai" mobile phone manufacturers are planning to bring their production facilities to India to gain recognition of India's huge mobile phone market and obtain legal status for their products in India.

According to the "Nike 2007-2009 Corporate Social Responsibility Report", more than 20% of Nike's original equipment manufacturers have asked their employees to work excessive overtime hours and this number is still on the increase.

Kodak is opening a second production line for its Xiamen printing plate manufacturing facility to enhance the company's manufacturing capacity for offset products.

Chinese home appliances manufacturer Midea has signed an agreement with the government of Jingzhou and will invest an additional CNY400 million to expand its refrigerator production base in the city.

U.S.-based Eastman Chemical Company has acquired Tongxiang Xinglong Fine Chemical Company, a cellulose-based specialty polymers manufacturing facility located near Shanghai.

Chinese meat and food processing company Zhongpin Inc. has received two payments totaling CNY21.4 million in cash subsidies from the Chinese government to help it expand its production capacity.

China and South Korea have jointly launched an economic and trade cooperation online initiative to provide comprehensive and timely information services to enterprises aiming at information technology exchanges and cooperation in both countries.

China-based solar energy company, Suntech Power Holdings, has announced at the U.S.-China Green Tech Summit that its first U.S. manufacturing plant would be located in the Greater Phoenix, Arizona area.

Taiwan-based PC maker Asus has announced that the company made a net profit of NTD6.497 billion, which equals CNY1.37 billion, in the third quarter of 2009, higher than its expectation of NTD2.97 billion.