Taiwan's Rush To China

The island's companies are becoming an engine of mainland growth

Managers at Taipei-based Yageo Corp. never expected to put so much money into China so quickly. After erecting its first plant in southern China, the supplier of components to Taiwanese computer makers is now a year ahead of schedule on a second $20 million factory in Kunshan, near Shanghai. "Our customers in China are the same as we have in Taiwan," says Jerry Lee, Yageo's chief financial officer. "Now they are becoming mature and stable in China, and they want to manage their component supply locally."

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