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STATS ChipPAC unit to relocate to new manufacturing site in China
STATS ChipPAC's wholly owned subsidiary, STATS ChipPAC Shanghai, Co, Ltd (SCC) will be relocating to a new manufacturing site in China.
This is due to recent changes in the long-term zoning, development and construction plans for the West Hongqiao area of China.
STATS ChipPAC will be working with the Qingpu Land Planning Bureau, the Qingpu District Land Reserve Center and the Shanghai Qingpu District Xujing Town House and Land Expropriation Compensation Office to transfer the land currently occupied by SCC to the relevant PRC local authorities and identifying a new location for the manufacturing operation.