Shanghai chip project a challenge to Taiwan

A Shanghai chip project linking the sons of China's president and aTaiwanese tycoon is a political and economic challenge to Taiwan that willbe watched closely by industrialists on the island. The US$1.

A Shanghai chip project linking the sons of China's president and a Taiwanese tycoon is a political and economic challenge to Taiwan that will be watched closely by industrialists on the island. The US$1.6 billion project joins Jiang Mianheng, son of President Jiang Zemin, with Winston Wang, the son of Taiwan plastics king Wang Yung-ching, in the formation of chip-maker Shanghai Grace Semiconductor Manufacturing Corp.

Full story--ZDNet Asia.