EQUITY RESEARCH Asia Ex-Japan Technology | IT Hardware | July 2012

Head of Japan Tech

Yuji Fujimori
+81 3 4530 2973
yuji.fujimori@barclays.com
Head of Korea Tech
SC Bae
+82 2 2126 2932
sc.bae@barclays.com
This poster and any information derived from its use is provided to you by the Corporate and Investment
Banking Division of Barclays Bank PLC and its afliates (collectively and each individually, Barclays) for
informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy
the securities mentioned in it. No representation is made that any returns will be achieved. Past performance is
not necessarily indicative of future results. This information is subject to change without notice. The securities
mentioned may not be eligible for sale in some states or countries, nor suitable for all types of investors. Barclays
does not warrant the accuracy, completeness, reliability, tness for a particular purpose, or merchantability
of this information. Barclays shall have no liability for the use, misuse, or distribution of this information to
unauthorized recipients. 2012 Barclays Bank PLC. All rights reserved. Additional information is available on
request. Please contact a Barclays entity in your home jurisdiction. 3 July 2012
Asia Ex-Japan IT Hardware and Wireless Equipment & Products
Head of Regional Hardware
and Components
Kirk Yang
+852 2903 4635
kirk.yang@barclays.com
Wayne Dong
+886 2 6638 4696
wayne.dong@barclays.com
Dale Gai
+886 2 6638 4697
dale.gai@barclays.com
Jones Ku
+852 2903 3901
jones.ku@barclays.com
Japan Technology Korea Technology
EQUITY RESEARCH Asia Ex-Japan Technology | IT Hardware | July 2012
China Technology Hardware Manufacturing Map and Products 2012
China Technology Hardware Manufacturing Map and Products (Southern China) 2012 China Technology Hardware Manufacturing Map and Products (Eastern China) 2012
Note: Bold indicates company headquarter in China. Source: Company data, Barclays Research Note: Bold indicates company headquarter in China. Source: Company data, Barclays Research
Source: Company data, Barclays Research Source: Company data, Barclays Research
Tai Hu
Yellow Sea

Chang Jiang

Chongming Island

Yangtze River

East China Sea

Hangzhou Wan

Nanmen
Gang

Fengxian
Port

Ningbo
Port

Yangshan
Port

Waigaoqiao Port
Changzhou
Wuxi
Suzhou
Wujiang
Changshu
Qidong
Jiading
Xinzhuang
Industrial Zone

Fengxian

Ningbo
Yuyao
Waigaoqiao
Jinqiao

Xuhui
Huangpu
Zhangjiang
Hi-Tech Park

Zhabei

Caolu Industry Zone

Changning
Songjiang
Jiashan
Kunshan
Shanghai
Hangzhou
City County/Town Airport Port Provincial territory
Expressway Main railway Maglev express rail

Pudong
Airport

Hangzhou
Xiaoshan
Airport
Suzhou-Nantong Bridge

Hongqiao
Airport

Shanghai-Nanjing
Intercity High-Speed Railw
ay

Shanghai-Hangzhou High-Speed Railway
Hangzhou W
an Bridge

D
onghai Bridge

Shanghai Yangtze River

Tunnel and Bridge

Advanced Semiconductor
Engineering, AVC, BYD
Company, BYD Electronic,
Chimei Innolux, China
Sunergy, Datang Telecom,
Enplas, Hi-P International,
Hon Hai, HP, HTC, Huan
Hsin, Inventec, Jabil Circuit,
Jarllytec, Ju Teng, Kingston,
Minebea, Mitac, NEC,
Panasonic, Pegatron, Qisda,
Samsung Electronics, Sharp,
SIMTech, Sony, Spreadtrum,
Suntech, TE Connectivity,
Techfaith Wireless, Toshiba,
Unitech PCB, USI
Asustek, DBTel
JA Solar
BYD Company, Chimei Innolux,
Coretronic, Gigabyte, TXC
AU Optronics, Coretronic, Ju Teng,
Lite-On Semiconductor, OmniVision,
Quanta, Samsung SDI, TSMC
Arima Communications, Arima Photovoltaic,
Chicony, Delta Electronics, Flextronics, JAE,
Ju Teng, Lite-On Tech, NEC, Radiant
Opto-Electronics, Tatung
Asia Optical, Eastcompeace, FIH, Founder, Hon Hai
Huawei, LG Electronics, Panasonic, Techfaith
Wireless, Toshiba, UTStarcom, Yamaha, ZTE
AAC Technologies, A-Data, Amtran, Anpec,
Asahi Glass, Asustek, AU Optronics, AVC,
BOE Technology, Canadian Solar, Cando,
Career Technology, Catcher, Cheil Industries,
Chilisin, Chin Poon, CMMB Vision, Compeq,
Coretronic, Darfon Electronics, Dewav,
Dynapack, Elitegroup, Everlight, FIC, First
Engineering, Flextronics, Founder, Gold
Circuit, Hi-P International, Hirose, Hon Hai,
HTC, Huan Hsin, Ichia Tech, Jabil Circuit,
Kingboard Chemical, Kinsus, Largan
Precision, LDK Solar, Logah, Logitech,
Merry, NDK, NEC, Panasonic, Pegatron,
Philips, Qisda, Samsung Electro-Mechanics,
Samsung Electronics, Sanmina-SCI, Sanyo,
Seagate, Seiko Epson, Shin Zu Shing,
Silitech, Sony, SPIL, TDK, TE Connectivity,
TPV, Unimicron Tech, Venture Corp,
Wanshih Electronic, Wellypower, Wintek,
Yageo, Yamaha
Renesola
Sunny Optical
Hanwha SolarOne
Canadian Solar, Elitegroup,
Gold Circuit, Jarllytec,
Quanta, Silitech, Simplo,
United Alloy-Tech
Asia Optical, Flextronics
Mitac
Yageo
First Engineering, Lenovo
Delta Electronics, Inventec
Hi-P International
OmniVision, RDAMicroelectronics,
SMIC, Spreadtrum, ZTE
LG Electronics
Hynix, Infineon, Jabil Circuit, JAE, Lite-On Semiconductor, Lite-On Tech, Murata,
Nam Tai Electronics, Panasonic, Renesola, Sanmina-SCI, Seagate, Seiko Epson,
Sharp, Shinko, Sony, Suntech, TCL Multimedia, TE Connectivity, Tripod, Unizyx, ZTE
AAC Technologies, Amphenol, Epistar,
Flextronics, Lite-On Tech, Trina Solar
Acer, ACES Electronic, A-Data, ADDA, Advanced Connectek, Advanced Semiconductor
Engineering, Asia Electronic Materials, Auras Tech, Career Technology, Celxpert, Chaun-Choung,
Cheng Uei Precision, Clevo, Compal Electronics, Coretronic, Dynapack, FIH, FlexiumInterconnect,
Foxconn Tech, Hon Hai, Ju Teng, Kingboard Chemical, Kingboard Laminates, LG Electronics,
Micro-Star, Mitac, Motech, Nan Ya PCB, Nissha Printing, Samsung Electro-Mechanics,
Sanmina-SCI, Taiflex, TE Connectivity, Unimicron Tech, Wistron, Wistron Neweb, Wus PCB
Datang Telecom, Jabil Circuit,
TE Connectivity
Lingding Yang

HONG KONG SAR

(CHINA)
Houhai Wan

Mirs Bay

Baoan
Port

Baoan
Airport

Humen
Port

Humen Bridge
Baiyun Airport

Shekou
Port

Yantian
Port

^
,
Shilong
Shijie
Huizhou
Heyuan
Dongguan

Guangzhou
Foshan

Shunde
Houjie
Dalingshan
Gongming
Changping
Liaobu
Dongkeng
Dalang
Huangjiang Zhangmutou

Qingxi
Tangxia
Fenggang

Longgang
Huiyang
Kuichong
Shatoujiao
Shenzhen
Zhuhai
Zhongshan
Jiangmen
Shajing
Changan

Shiyan
Longhua

Baoan
Nanshan
(Ferry to Zhuhai, Hong Kong Airport,
Hong Kong Central and Macau)
Meizhou

)
M
T
R
(Part of Kow
loon-
G
uangdong R
ailw
ay)

)
Guangzhou-Shenzhen Railw
ay
(Part of Kow
loon-Guangdong Railw
ay)

Guangzhou-Shenzhen-Hong Kong Express Rail Link (Planning)

)
_

|
()

)
M
eizhou-Shantou Railway
(Part of Beijing-Kowloon Railway)
Sanmina-SCI, Sanyo, Silitech
Asia Optical, Lite-On Tech
ZTE
FIH, Foxconn Tech, G-Tech
Optoelectronics, Hon Hai,
Kingboard Chemical
Elitegroup
Comba TelecomSystems,
Coretronic, Elec & Eltek, Enplas,
Everlight, FIC, First Engineering
Jabil Circuit, Kingboard Chemical,
LG Display, Lite-On IT, Murata,
NEC, Nissha Printing, Panasonic,
Radiant Opto-Electronics,
Skyworth, Sony, United Alloy-Tech
Chicony, Sanyo
Delta Electronics,
Lite-On Tech
Minebea, Mitac, TE Connectivity
Cheng Uei Precision
Largan Precision
Ta Yang
Konka
Founder
Flextronics
Greatwall
DFI, KYE Systems,
Samsung Electronics,
Techtronic, VTech
Chimei Innolux, Hisense,
Hon Hai, Kingboard
Chemical, Toshiba
AAC Technologies,China Wireless,HTC,Mobi, Lenovo, Samsung
Electronics,Sanyo, Skyworth, Spreadtrum, USI, VTech, ZTE
Asia Electronic Materials, Eastcompeace, Flextronics,
Founder, Panasonic, TE Connectivity, Toshiba
Hon Hai, Ichia Tech, Ju Teng, Shin
Zu Shing, Sunny Optical, Wistron
Chaohua Tech
Accton, ACON, Career Technology, Darfon Electronics,
Elitegroup, Hon Hai, Jabil Circuit, Kingboard Laminates,
MagLayers, Merry, Micro-Star, Philips, Sanyo, Shin Zu
Shing, Techtronic, Toshiba, Unimicron Tech, United
Alloy-Tech
Asia Optical, Elec & Eltek, Kingboard
Chemical, Kingboard Laminates,
Lite-On Tech, Panasonic
BYD Company, Compeq, Coretronic, Hon Hai,
Kingboard Chemical, LG Electronics, LG Innotek,
Samsung Electronics, Sanyo, Sony, TCL
Communication, TCL Multimedia, United
Alloy-Tech, Young Fast
A-Data, ADDA, Anpec, Asahi Glass, AVC, Casio
Computer, Chimei Innolux, Daishinku, Datang
Telecom, Elec & Eltek, FIC, FIH, Foxconn Tech,
Gionee, Kingston, Konka, Nanjing Panda
Electronics, NEC, RDA Microelectronics,
Samsung SDI, Seiko Epson, SMK, Soshin,
Sunrex, TE Connectivity, Toshiba, Venture Corp
Kingboard Chemical, Lenovo
BYD Company,
BYD Electronics
ACES Electronic Amperex Technology: Asia Electronic
Materials, AVC, Chilisin, Chimei Innolux, Elcoteq, FIH, Foxlink
Image, Gionee, G-Tech Optoelectronics, Hi-P International,
Hirose, Hosiden, Huawei, Jarllytec, Kingboard Chemical,
Kingboard Laminates, Nokia, NXP, Samsung Electronics,
Samsung Mobile Display, Shinyang, SMK, TDK, TE
Connectivity, Techtronic, Wanshih Electronic, Wintek, Yageo
Ability Enterprise, Samsung Electro-Mechanics,
Samsung Electronics, VTech
Chaun Choung
Asia Optical, Skyworth
Advanced Connectek, ACON,
Founder, Huawei, Murata
Cheng Uei Precision
City County/Town Airport Port
Expressway Main railway Provincial territory
High-speed railway (planning)
Company Chinese name (Ticker) Location in China Main products
AAC Technologies (2018 HK) Shenzhen, Changzhou, Shuyang, Suzhou Speaker, Receiver, Transducer, Microphone, Vibrator, Haptics, Wireless
Ability Enterprise (2374 TT) Liaobu, Jiujiang Ofce Equipment, Optical Product
Accton (2345 TT) Bao'an LAN Card, Router, Wi Equipment
Acer (2353 TT) Shanghai, Chengdu, Chongqing, Kunshan Notebook, Handset, PC
ACES Electronic (3605 TT) Chongqing, Dongguan, Kunshan Connector, Battery, Junction Box
A-Data (3260 TT) Kunshan, Shenzhen, Suzhou Thermal Module, LED
ADDA (3071 TT) Kunshan, Shenzhen DRAM, NAND ash applications
Advanced Connectek (5491 TT) Bao'an, Kunshan, Longgang, Tianjin Hard Disk Drive (HDD), DRAM, Flash Memory
Advanced Semiconductor Engineering (2311 TT) Kunshan, Shanghai IC Packaging
Amperex Technology Dongguan, Ningde Cylindrical Battery
Amphenol (APH US) Changzhou Connector
Amtran (2489 TT) Suzhou LCD Monitors, LCD TV
Anpec (6138 TT) Shenzhen, Suzhou Power IC, mixed signal IC, and power discrete
Arima Communications (8101 TT) Wujiang Electronic Component, Optical Product
Arima Photovoltaic (2381 TT) Wujiang Handset, Telecom Equipment
Asahi Glass (5201 JP) Guangdong, Hebei, Dalian, Shenzhen, Shandong, Suzhou Cover Glass
Asia Electronic Materials (4939 TT) Kunshan, Dongguan, Xiamen, Zhuhai FCCL, Coverlay, Polyimide Film
Asia Optical (3019 TT) Gongming, Hangzhou, Jiangmen, Jiading, Shanghai Optical Component, Lens, DSC, Laser Product, DVD Component
Asustek (2357 TT) Shanghai, Chongqing, Suzhou, Xinzhuang, Motherboard, Notebook, Interface Card
AT&S (ATS AV) Chongqing, Shanghai (Xinzhuang) PCB
AU Optronics (2409 TT) Suzhou, Songjiang, Tianjin, Xiamen TFT-LCD Display, E-Paper Display
Auras Tech (3324 TT) Kunshan Thermal Module
AVC (3017 TT) Dongguan, Shanghai, Shenzhen, Suzhou Thermal Module
Boardtek (5349 TT) Yangzhou PCB
BOE Technology (000725 CH) Beijing, Chengdu, Hefei, Nanjing, Suzhou, Xiamen TFT-LCD Panel Module, LCD Display
BYD Company (1211 HK) Shenzhen, Beijing, Changsha, Huizhou, Kuichong, Ningbo,
Shanghai, Shangluo, Xi'an
Auto, Cylindrical Battery, LCD Panel, LCD Module, Opto-Electronics, Solar
Energy, Microelectronics
BYD Electronic (285 HK) Shenzhen, Beijing, Shanghai, Xi'an Handset Module, Handset Component
Canadian Solar (CSIQ US) Changshu, Luoyang, Suzhou PV cell/Module
Cando (8056 TT) Suzhou Touch Panel, Color Filter
Career Technology (6153 TT) Bao'an, Kunshan, Suzhou FPCB
Casio Computer (6952 JP) Shenzhen DSC, Watch
Catcher (2474 TT) Suzhou Casing for PC, Consumer Electronics, Handheld Product and Touch Panel
Celxpert (3323 TT) Kunshan Cylindrical battery
Company Chinese name (Ticker) Location in China Main products
Elcoteq (ELQAV FH) Beijing, Dongguan Handset, Wireless Module
Elec & Eltek (ELEC SP) Guangzhou, Jiangmen, Nanjing, Qingyuan, Shenzhen PCB
Elitegroup (2331 TT) Bao'an, Changshu, Shaotoujiao, Suzhou Motherboard, Notebook, Graphics Card and Desktop
Enplas (6961 JP) Guangzhou, Shanghai Precision Plastics
Epistar (2448 TT) Changzhou, Xiamen LED Lighting, LED Backlighting, LED Display
Everlight (2393 TT) Guangzhou, Suzhou LED Component, LED Digital Display
FIC (3701 TT) Guangzhou, Shenzhen, Suzhou PC, Notebook, Tablet, PCB
FIH (2038 HK) Beijing, Dongguan, Hangzhou, Kunshan, Langfang, Mianyang,
Shenzhen, Taiyuan Handset ODM, Wireless Communication
First Engineering (FIRST SP) Guangzhou, Suzhou, Waigaoqiao Hard Disk Drive, Automotive Part, Business Machine, Plastic Optical
Component
Flexium Interconnect (6269 TT) Kunshan Flexible PCB
Flextronics (FLEX US) Changzhou, Dalingshan, Suzhou, Wujiang, Zhuhai PC Component, LCD Display, Power Supply, Camera Module
Founder (600601 CH) Shanghai, Chongqing, Hangzhou, Longgang, Shilong,
Suzhou, Zhuhai PCB, Microelectronics, Notebook
Foxconn Tech (2354 TT) Kunshan, Shenzhen Metal Casing, Thermal Module and Game Console
Foxlink Image (6298 TT) Dongguan Scanner, Printer, LCD Monitor
Genius Electronic Optical (3406 TT) Xiamen LED Lighting, Optical Lens
Gigabyte (2376 TT) Ningbo Motherboard, Notebook, Handset
Gionee Shenzhen, Dongguan Handset
Gold Circuit (2368 TT) Changshu, Suzhou PCB
Greatwall (000066 CH) Shenzhen, Beihai, Beijing, Fuzhou, Shiyan, Wuhan PCB, Monitor, Printer, Notebook, Networking Equipment
G-Tech Optoelectronics (3149 TT) Dongguan, Longhua LCD Glass
Haier (600690 CH) Qingdao, Chongqing, Dalian, Hefei, Jinan, Wuhan Home Appliance, Notebook, Handset
HannsTouch (3049 TT) Nanjing Touch Sensor, Color Filters, Solar Cell Modules, LCD Panels
Hanwha SolarOne (HSOL US) Qidong PV Cell/Module
Hi-P International (HIP SP) Chengdu, Dongguan, Qingdao, Shanghai, Suzhou,
Tianjin, Xiamen Wireless, Consumer Electronics
Hirose (6806 JP) Dongguan, Suzhou PCB, Connector, High Frequency Device, Micro Switch
Hisense (600060 CH) Qingdao, Foshan, Guiyang, Linxin, Wuhu, Zibo Home Appliance, Electronic Product, Handset
Hon Hai (2317 TT)
Shanghai (under construction), Beijing, Chengdu, Chongqing,
Foshan, Hangzhou, Huaian, Huizhou, Jincheng, Kunshan,
Langfang, Liuzhou, Luoyang, Nanning, Nanjing,
Qinhuangdao, Shanghai (Songjiang), Shenyang, Shenzhen
(Longhua, Baoan), Suzhou, Taiyuan, Tianjin, Wuhan, Wuhu,
Yantai, Yingkou, Zhengzhou, Zhongshan
Notebook, PC, PC Component, Handset
Company Chinese name (Ticker) Location in China Main products
Chaohua Tech (002288 CH) Meizhou PCB
Chaun-Choung (6230 TT) Kunshan, Tangxia Heat Pipes, Heat Sinks, Thermal Module
Cheil Industries (001300 KS) Suzhou, Tianjin Electronic chemicals, Industrial chemical products
Cheng Uei Precision (2392 TT) Dongkeng, Huangjiang, Kunshan, Tianjin Connector, Cable Assembly, Power Module, Battery Pack, Networking Equipment
Chicony (2385 TT) Qingxi, Wujiang Keyboard, Digital Video, Camera Module
Chilisin (2456 TT) Dongguan, Jiaozuo, Suzhou Passive Components
Chimei Innolux (3481 TT) Shenzhen, Dongguan, Foshan, Nanjing, Ningbo, Shanghai TFT-LCD Panel Module, LCD Display
Chin Poon (2355 TT) Suzhou PCB
China Communication Services (552 HK) Beijing Digital/Wireless Communication System
China Sunergy (CSUN US) Nanjing, Shanghai PVcell/Module
China Wireless (2369 HK) Shenzhen Handset
Clevo (2362 TT) Kunshan Notebook
CMMB Vision (471 HK) Suzhou Flexible PCB, Rigid PCB
Comba Telecom Systems (2342 HK) Guangzhou Digital/Wireless Communication System
Compal Communications (8078 TT) Nanjing Handset, Tablet, Data Module
Compal Electronics (2324 TT) Chengdu, Chongqing, Hefei (JV with Lenovo), Kunshan Notebook, Monitor, LCD TV and Tablet
Compeq (2313 TT) Huizhou, Suzhou PCB
Coretronic (5371 TT) Guangzhou, Huizhou, Kunshan, Nanjing, Ningbo,
Songjiang, Suzhou DLP Projecctor and Backlight Module
Corning (GLW) Beijing Cover Glass
Creative Tech (CREAF US) Qingdao Digital Entertainment Product
Daeduck (008060 KS) Tianjin PCB
Daewoo Electronic (009320 KS) Tianjin, Weihai Home Appliance, Monitor
Daishinku (6962 JP) Shenzhen, Tianjin Quartz Crystal
Darfon Electronics (8163 TT) Baoan, Huai'an, Suzhou PC Component, Power Device
Datang Telecom (600198 CH) Beijing, Chengdu, Shanghai, Shenzhen, Tianjin, Xian Microelectronics, Software, Access, Terminal, Communication Application
DBTEL (5304 TT) Xinzhuang Telephone, Mobile Device, Ofce Equipment
Dell (DELL US) Chengdu, Xiamen Notebook, PC Component
Delta Electronics (2308 TT) Caolu, Chenzhou, Shijie, Tianjin, Wuhu, Wujiang Power Management PC Component, Display, Networking Equipment
Dewav Suzhou Telecom Equipment, PC Component, Industrials
DFI (2397 TT) Houjie Motherboard, Industrial PC
Dynapack (3211 TT) Kunshan, Suzhou Battery Pack
E Ink (8069 TT) Yangzhou Small-to-medium LCD Panel, ePaper
Eastcompeace (002017 CH) Zhuhai, Hangzhou Telecom Equipment
Company Chinese name (Ticker) Location in China Main products
Hosiden (6804 JP) Dongguan, Qingdao, Tianjin Switch, Bluetooth, Receiver, Microphone, Passive LCD Modules
HP (HPQ US) Chongqing, Shanghai PC and PC Component, Ofce Equipment
HTC (2498 TT) Beijing, (Shenzhen) Nanshan, Suzhou, Shanghai Handset, Tablet
Huan Hsin (HUAN SP) Changshu, Chongqing, Shanghai, Suzhou, Weihai, Keyboard, Mouse, Plastic Casing, SMT, Wire
Huawei Shenzhen (Longgang), Dongguan, Hangzhou, Langfang Wireless, Networking Equipment
Hynix (000660 KS) Wuxi Memory, NAND Flash
Hyundai (005380 KS) Beijing Auto, LCD Monitor
Ichia Tech (2402 TT) Suzhou, Zhongshan PC Component
Inneon (IFNNY US) Wuxi Microprocessor, Memory, Microcontroller, Integrated Circuit
Intel (INTC US) Shanghai, Beijing, Dalian, Chengdu Notebook, PC, Server, Embedded Processor
INTOPS (049070 KS) Tianjin, Weihai Handset, Internal Antenna, Ofce Equipment
Inventec (2356 TT) Shanghai, Chongqing, Nanjing, Tianjin Notebook, Server, Tablet, eBook Reader and Mobile Device
JA Solar (JASO US) Shanghai, Fengxian, Lianyungang, Xingtai, Yangzhou, PV cell/Module
Jabil Circuit (JBL US) Guangzhou, Nanjing, Shanghai, Shenzhen, Suzhou, Tianjin,
Wuxi, Yantai Ofce Equipment, PC, Notebook, Storage, Telecom Equipment
JAE (6807 JP) Wuxi, Wujiang Connector, Switch, Cursor, Touch Control, Touch Panel, Touch Panel
Monitor
Jarllytec (3548 TT) Fuzhou, Dongguan, Changshu, Shanghai Hinge, Fiber Optic Product
Ju Teng (3336 HK)/TDR (9136 TT) Kunshan, Nanjing, Neijiang, Suzhou, Shanghai, Taizhou,
Wujiang, Zhongshan Plastic Casing for Notebook
JVC Kenwood JVC Kenwood (6632 JP) Shanghai Car electronics, Home audio, Wireless equipment
KH Vatec KHVatec (060720 KS) Huizhou, Tianjin Handset case, Hindge
Kingboard Chemical (148 HK) Shenzhen, Foshan, Dongguan, Guangzhou, Huizhou,
Jiangmen, Kunshan, Nanjing, Suzhou PCB, Laminates, Copper Foil
Kingboard Laminates (1888 HK) Shenzhen, Dongguan, Fogang, Jiangmen, Jiangyin, Kunshan,
Qingyuan, Shaoguan Paper Laminate, Glass Epoxy Laminate, Resin, Glass Fabric
Kingston (KSYT) Shanghai, Shenzhen Memory, SSD, Flash Cards, USB Drive
Kinsus (3189 TT) Suzhou IC Substrate
Konka (000016 CH) Shenzhen, Chongqing, Chuzhou, Dongguan, Kunshan,
Mudanjiang, Xianyang TV, Handset, LCD Display, Home Appliance
K-Touch Beijing Handset
KYE Systems (2365 TT) Houjie PC Peripherals, Consumer Electronics
Largan Precision (3008 TT) Changping, Suzhou Handset Lens, Scanner Lens, Camera Lens
LDK Solar (LDK US) Xinyu, Hefei, Nanchang, Suzhou PV cell/Module
Lenovo (992 HK) Beijing, Chengdu, Hefei (JV with Compal Electronics), Huiyang,
Shenzhen, Waigaoqiao, Wuhan, Xiamen Desktop, Notebook, PC Component, Handset, Tablet
LG Chem (051910 KS) Beijing, Nanjing Cylindrical Battery, Battery Pack, Battery Cell, Battery
Head of Japan Tech
Yuji Fujimori
+81 3 4530 2973
yuji.fujimori@barclays.com
Head of Korea Tech
SC Bae
+82 2 2126 2932
sc.bae@barclays.com
This poster and any information derived from its use is provided to you by the Corporate and Investment
Banking Division of Barclays Bank PLC and its afliates (collectively and each individually, Barclays) for
informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy
the securities mentioned in it. No representation is made that any returns will be achieved. Past performance is
not necessarily indicative of future results. This information is subject to change without notice. The securities
mentioned may not be eligible for sale in some states or countries, nor suitable for all types of investors. Barclays
does not warrant the accuracy, completeness, reliability, tness for a particular purpose, or merchantability
of this information. Barclays shall have no liability for the use, misuse, or distribution of this information to
unauthorized recipients. 2012 Barclays Bank PLC. All rights reserved. Additional information is available on
request. Please contact a Barclays entity in your home jurisdiction. 3 July 2012
Asia Ex-Japan IT Hardware and Wireless Equipment & Products
Head of Regional Hardware
and Components
Kirk Yang
+852 2903 4635
kirk.yang@barclays.com
Wayne Dong
+886 2 6638 4696
wayne.dong@barclays.com
Dale Gai
+886 2 6638 4697
dale.gai@barclays.com
Jones Ku
+852 2903 3901
jones.ku@barclays.com
EQUITY RESEARCH Asia Ex-Japan Technology | IT Hardware | June 2011 EQUITY RESEARCH Asia Ex-Japan Technology | IT Hardware | July 2012
Japan Technology Korea Technology
China Technology Hardware Manufacturing Map and Products 2012
China Technology Hardware Manufacturing Map and Products 2012
Note: Bold indicates company headquarter in China. Source: Company data, Barclays Research
Company Chinese name (Ticker) Location in China Main products
LG Display (034220 KS) Guangzhou, Nanjing LCD Display, Public Display, Monitor, Notebook, Handset
LG Electronics (066570 KS) Beijing, Changning, Hangzhou, Huizhou, Kunshan, Nanjing,
Qingdao, Qinhuangdao, Shenyang, Taizhou, Tianjin
Handset, Notebook, Consumer Electronics, PC Component, Optical
Disk Drive (ODD)
LG Innotek (011070 KS) Fuzhou, Huizhou, Yantai Camera Modules, Panels, IC
Lite-On IT (8008 TT) Guangzhou Optical Storage
Lite-On Semiconductor (5305 TT) Songjiang, Wuxi Semiconductor Component, Contact Image Sensor
Lite-On Tech (2301 TT) Beihai, Changzhou, Ganzhou, Jiangmen, Shijie, Tianjin,
Wujiang, Wuxi, Xianning, Yingtan
Power Supply, Opto-Electronics, Camera Module, Network Module, Home
Appliance, Ofce Equipment
Logah (3593 TT) Suzhou Inverter, Display Power Supply
Logitech (LOGI) Suzhou Keyboard, Mouse, Camera, Speaker
Maglayers (3068 TT) Bao'an Inductor Series
Merry (2439 TT) Bao'an, Suzhou Battery Pack, Handset Device
Micro-Star (2377 TT) Bao'an, Kunshan All-in-One PC, Motherboard, Notebook, Graphics Card
Minebea (6479 JP) Chengdu, Shanghai, Shunde HDD, Keyboard, Speaker, Ball Bearing, Fan Motor, Brush DC Motor, Vibration
Motor, LED Backlight, Plastic Molding
Mitac (2315 TT) Chengdu, Kunshan, Shanghai, Shunde PC, Mainboard, Tablet
Mobi (947 HK) Shenzhen (Nanshan), Xi'an Antenna, Base Station Subsystem
Motech (6244 TT) Kunshan PV Cell/Module
Motorola (MSI US) Beijing, Tianjin Handset, Handset Component, Telecom Equipment, Wireless
Murata (6981 JP) Shenzhen, Wuxi Rotary Position Sensors, Power Inductor, Polymer Capacitors, RFID Device,
Ionizer Module, Wireless Power Transmission Modules
Nam Tai Electronics (NTE US) Shenzhen, Wuxi Component Assembly, LCD Product, LCD Panel
Nanjing Panda Electronics (0553 HK) Nanjing, Beijing, Shenzhen TFT-LCD Panel Module, LCD Display
Nan Ya PCB (8046 TT) Kunshan IC Substrate, PCB
NDK (6779 JP) Suzhou Quartz Crystal
NEC (6701 JP) Shanghai, Shenzhen, Suzhou, Wujiang, Xiamen, Wuhan Handset, Monitor, Notebook, Telecom Equipment
Nissha Printing (7915 JP) Guangzhou, Kunshan Mobile Display Films, Case Painting, Input Device, Molded Product, Die
Nokia (NOK US) Beijing, Dongguan Handset, Telecom Equipment
NXP (NXPI US) Dongguan, Jilin Semiconductor, Power Management
OmniVision (OVTI US) Songjiang, Zhangjiang Semiconductor Imaging Device
Panasonic (6752 JP)
Anyang, Beijing, Dalian, Guangzhou, Hangzhou, Jiangmen,
Qingdao, Shenyang, Shanghai, Suzhou, Tangshan, Tianjin,
Xiamen, Wuxi, Zhuhai
Handset, Notebook, Digital Product, LCD TV, Home Appliance
Partron Partron (091700 KS) Yantai Camera module, Antenna
Pegatron (4938 TT) Chongqing, Shanghai, Songjiang, Suzhou Motherboard, Desktop, Notebook, Networking Equipment, Headset
and Game Console
People & Telecommunication People&Telecommunication
(054340 KS) Chongqing Communication Equipment
Philips (PHG US) Shanghai, Beijing, Shenzhen, Suzhou LCD TV, Home Appliance, Handset, Lighting, Healthcare Product
Pioneer (6773 JP) Shanghai Car electronics, Home electronics
Qisda (2352 TT) Suzhou, Shanghai Display, All-in-One PC, Imaging Device, Mobile Communication Device
Quanta (2382 TT) Shanghai, Changshu, Chongqing Notebook, Mobile Device, Server, Tablets and All-In-One PC
Radiant Opto-Electronics (6176 TT) Guangzhou, Nanjing, Wujiang LCD Backlight Module
RDA Microelectronics (RDA US) Shanghai, Beijing, Shenzhen Mobile chipset, Power Amplier
Renesola (SOL US) Jiashan, Meishan, Wuxi Solar Wafer
Samsung Electro-Mechanics (009150 KS) Dongguan, Kunshan, Suzhou, Tianjin PCB, Optic Product, Mobile Device, Integrated Circuit
Samsung Electronics (005930 KS) Beijing, Dongguan, Haikou, Hainan, Houjie, Huizhou, Liaobu,
Nanshan, Shanghai, Suzhou, Tianjin, Weihai, Xi'an
LCD Monitor, Handset, Semiconductor, Notebook, Storage,
Telecom Equipment, Consumer Electronics
Samsung Mobile Display Dongguan, Tianjin LCD/ OLED/ AMOLED Display Panel
Samsung SDI (006400 KS) Shenzhen, Songjjiang, Tianjin Battery
Samsung Techwin Techwin (012450 KS) Tianjin CCTV
Sanmina-SCI (SANM US) Kunshan, Shajing, Suzhou, Wuxi PCB, PC Component, Telecom Equipment
Sanyo (6764 JP) Bao'an, Beijing, Dalian, Huizhou, Nanshan, Qingxi, Shajing,
Suzhou, Tianjin Home Appliance, LCD TV, Battery
Seagate (STX US) Suzhou, Wuxi Hard Disk Drive
Seiko Epson (6724 JP) Fujian, Shanghai, Shenzhen, Suzhou, Tianjin, Wuxi, Zhenjiang Quartz Crystal, Optical Device, Oscillator, Sensor, Filter
Sharp (6753 JP) Beijing, Changshu, Chengdu, Nanjing, Shanghai, Wuxi Medium-to-large LCD Module and TV, Mobile Panel, Camera, Ofce
Equipments
Shin Zu Shing (3376 TT) Bao'an, Chengdu, Suzhou, Zhongshan Hinges, Spring and Stampling Parts for IT Products
Shinko (6967 JP) Wuxi IC & PLP Packaging, Semiconductor Lead Frames
Shinyang Shinyang (086830 KS) Dongguan Handset case
Silitech (3311 TT) Changshu, Shajing, Suzhou Keypad, Module, Auto Parts
SIM Tech (2000 HK) Hong Kong, Shanghai, Shenyang Handset, LCD Module, Wireless Commnucation
Simplo (6121 TT) Changshu, Chongqing Battery Pack
Skyworth (751 HK) Shenzhen (Nanshan), Gongming, Guangzhou, Huhhot,
Nanjing Home Appliance, Display, Optical Product, TV Set-up Box
SMIC (981 HK) Shanghai, Beijing, Shenzhen, Tianjin, Wuhan Foundry
SMK (6798 JP) Dongguan, Shenzhen Switch, Connector, Remote Control, Camera Module, Touch Panel,
Communication Module
Sony (6758 JP) Beijing, Chengdu, Guangzhou, Huizhou, Shanghai,
Suzhou, Wuxi
Handset, Cylindrical Battery, Touch Panel, Camera Modules, Lens,
PCB, Receiver
Soshin (6938 JP) Shenzhen RF Components & Module, Filters, EMC Solutions, Capacitor
SPIL (2325 TT) Suzhou IC Packaging
Spreadtrum (SPRD US) Shanghai, Beijing, Shenzhen, Tianjin Mobile chipset
Sunny Optical (2382 HK) Yuyao, Shanghai, Tianjin, Zhongshan Optical Component, Optoelectronic Products, Optical Instruments
Sunrex (2387 TT) Changshu, Chongqing, Shenzhen, Shangrao Keyboard, Mouse, Monitor
Suntech (STP US) Wuxi, Shanghai, Yangzhou PV Cell/Module
Ta Yang (1991 HK) Dongguan (Zhangmutou), Huzhou Keypad, Consumer Electronic Device
Taiex (8039 TT) Kunshan Flexible Copper-cladded Laminate
Tatung (2371 TT) Wujiang Display, Home Appliance, Motor, Energy Solution
TCL Communication TCL (2618 HK) Huizhou Handset
TCL Multimedia TCL (1070 HK) Huizhou, Chengdu, Huhhot, Wuxi, Xinxiang LCD TV, Digital Product
TDK (6762 JP) Dalian, Dongguan, Qingdao, Suzhou, Xiamen Electronic Component, Display
TE Connectivity (TEL US) Kunshan, Dongguan, Qingdao, Shanghai, Shunde, Suzhou,
Shenzhen, Wuxi, Zhuhai
Electronic Component, Network Solution, Specialty Product, Subsea
Communication
Techfaith Wireless (CNTF US) Beijing, Hangzhou, Shanghai, Shenyang Handset, Tablet, Wireless Data Card
Techtronic (669 HK) Hong Kong, Bao'an, Dongguan (Houjie) Power Tool and Accessory, Outdoor Product
Texas Instruments (TXN) Chengdu Application Processor
Toshiba (6502 JP) Dalian, Foshan, Ganzhou, Hangzhou, Jiangsu, Shanghai,
Shenzhen, Xiamen, Zhenhai, Zhuhai Notebook, PC Component, Home Appliance, Digital Product
TPK (3673 TT) Xiamen Touch Panel
TPV (903 HK) Hong Kong, Beihai, Beijing, Fuqing, Suzhou, Wuhan, Xiamen LCD Monitor, LCD TV
Trina Solar (TSL US) Changzhou Solar Wafer
Tripod (3044 TT) Wuhan, Wuxi PCB
TSMC (2330 TT) Shanghai Foundry
TXC (3042 TT) Ningbo Quartz Crystal for Oscillators for PC
Unimicron Tech (3037 TT) Bao'an, Kunshan, Suzhou PCB
Unitech PCB (2367TT) Shanghai PCB, Solar Battery
United Alloy-Tech (3162 TT) Bao'an, Changshu, Guangzhou, Huizhou Aluminum Alloy Product
Unizyx (3704 TT) Wuxi Networking Equipment
USI (601231 CH) Shanghai, Nanshan Communication, Computer and Storage, Consumer Electronics, Industrial
Electronics and Car Electronics
UTStarcom UT (UTSI US) Beijing, Chongqing, Hangzhou Telecom Equipment, Handset
Venture Corp (VMS SP) Shenzhen, Suzhou, Zhangjiang PCB, Electronic Component
VTech (303 HK) Hong Kong, Liaobu, Qingyuan Fixed Line Phone, Electronic Toys, Electronic Learning Products, Marine Electronics
Wanshih Electronic (6134 TT) Dongguan, Siyang, Suzhou Wireless, Power Cord, Cable
Wellypower (3080 TT) Suzhou LED Lighting
Wintek (2384 TT) Dongguan, Suzhou Touch Panel, LCD Display
Wistron (3231 TT) Chengdu, Chongqing, Kunshan, Taizhou, Zhongshan Notebook, Desktop, Server, LCD TV and Handset
Wistron Neweb (6285 TT) Kunshan, Nanjing Communication products ODM
Wus PCB (2316 TT) Kunshan PCB
XAHT Antenna Technologies (8227 HK) Xi'an Antenna, Base Station Subsystem
Xiaomi Beijing Handset
Yageo (2327 TT) Dongguan, Suzhou Passive Component
Yamaha (7951 JP) Hangzhou, Suzhou, Tianjin, Xiaoshan Soundcard
Yingli Solar (YGE US) Baoding, Haikou Solar Wafer
Young Fast (3622 TT) Huizhou, Pinghu Touch Panel
ZTE (763 HK) Shenzhen (Nanshan), Hangzhou, Hefei, Heyuan, Shanghai,
Xi'an, Wuxi Handset, Wireless, Telecom Equipment
Chengde Yingkou
Dalian
Yantai
Zibo
Qingdao
Lianyungang
Yangzhou
Wuhu
Xinyu
Zhuzhou
Chenzhou
Ganzhou
Guilin
Dongguan
Heyuan
Meizhou
Huizhou
Zhuhai
Zhongshan
Foshan
Jincheng
Jiangmen
Shunde
Beihai
Haikou
Mianyang
Jiujiang Ningbo
Chuzhou
Taizhou
Xiamen
Taichung
Kaohsiung
Changzhou Wuxi
Suzhou
Yuyao
Wujiang
Kunshan
Jiashan
Huzhou
Changshu
Neijiang
Huaian
Shuyang
Xinxiang
Luoyang
Xianyang
Shangluo
Weihai
Qinhuangdao
Tangshan
BEIJING
Langfang
Tianjin
Baoding Ordos
Mudanjiang
Yichang
Liuzhou
Qingyuan
Harbin
Changchun
Huhhot
Shenyang
Jinan
Nanjing
Hefei
Wuhan
Changsha
Nanchang
Chongqing
Guiyang
Guangzhou
Chengdu
Hangzhou
Shanghai
Zhengzhou
Xian
Taiyuan
Shijiazhuang
Xining Lanzhou
Fuzhou
Nanning
Kunming
Shenzhen
TAIPEI
Mudanjiang : Konka
Xiamen : Asia Electronic Materials, AU Optronics, BOE
Technology, Dell, Epistar, Genius Electronic Optical,
Hi-P International, Lenovo, NEC, Panasonic, TDK,
Toshiba, TPK, TPV
Yangtze River Delta Economic Zone
Provinces/municipalities: Shanghai , Jiangsu , Zhejiang
Population: 157 million
GDP per capita: Rmb63,530 (US$9,950)
Min monthly wage: Shanghai (Rmb1,450), Kunshan (Rmb1,320)
Suzhou : AAC Technologies, A-Data, Amtran, Anpec, Asahi Glass, Asustek,
AU Optronics, AVC, BOE Technology, Canadian Solar, Cando, Career Technology,
Catcher, Cheil Industries, Chilisin, Chin Poon, CMMB Vision, Compeq, Coretronic,
Darfon Electronics, Dewav, Dynapack, Elitegroup, Everlight, FIC, First Engineering,
Flextronics, Founder, Gold Circuit, Hi-P International, Hirose, Hon Hai, HTC,
Huan Hsin, Ichia Tech, Jabil Circuit, Ju Teng, Kingboard Chemical, Kinsus , Largan
Precision, LDK Solar, Logah, Logitech, Merry, NDK, NEC, Panasonic, Pegatron,
Philips, Qisda, Samsung Electro-Mechanics, Samsung Electronics, Sanmina-SCI,
Sanyo, Seagate, Seiko Epson, Shin Zu Shing, Silitech, Sony, SPIL, TDK,
TE Connectivity, TPV, Unimicron Tech, Venture Corp, Wanshih Electronic,
Wellypower, Wintek, Yageo, Yamaha
Shanghai : Acer, Advanced Semiconductor Engineering, Asia Optical, Asustek,
AVC, AT&S, BYD Company, BYD Electronic, Chimei Innolux, China Sunergy, Datang
Telecom, Enplas, Founder, Hi-P International, Hon Hai, HP, HTC, Huan Hsin, Intel,
Inventec, JA Solar, Jabil Circuit, Jarllytec , Ju Teng, JVC Kenwood, Kingston, Minebea,
Mitac, NEC, OmniVision, Panasonic, Pegatron, Philips, Pioneer, Qisda, Quanta, RDA
Microelectronics, Samsung Electronics, Seiko Epson, Sharp, SIM Tech, SMIC, Sony,
Spreadtrum, Suntech, Sunny Optical, TE Connectivity, Techfaith Wireless, Toshiba,
TSMC, Unitech PCB, USI, ZTE
Kunshan : Acer, ACES Electronic, A-Data, ADDA, Advanced Connectek,
Advanced Semiconductor Engineering, Asia Electronic Materials, Auras Tech,
Career Technology, Celxpert, Chaun-Choung, Cheng Uei Precision, Clevo, Compal
Electronics, Coretronic, Dynapack, FIH, Flexium Interconnect, Foxconn Tech,
Hon Hai, Ju Teng, Kingboard Chemical, Kingboard Laminates, Konka, LG Electronics,
Micro-Star, Mitac, Motech, Nan Ya PCB, Nissha Printing, Samsung
Electro-Mechanics, Sanmina-SCI, Taiflex, TE Connectivity, Unimicron Tech, Wistron,
Wistron Neweb, Wus PCB
Wuxi : Hynix, Infineon, Jabil Circuit, JAE, Lite-On Semiconductor, Lite-On Tech,
Murata, Nam Tai Electronics, Panasonic, Renesola, Sanmina-SCI, Seagate, Seiko
Epson, Sharp, Shinko, Sony, Suntech, TCL Multimedia, TE Connectivity, Tripod,
Unizyx, ZTE
Nanjing : BOE Technology, Chimei Innolux, China Sunergy, Compal
Communications, Coretronic, Elec & Eltek, Inventec, HannsTouch, Hon Hai, Jabil
Circuit, Ju Teng, Kingboard Chemical, LG Chem, LG Display, LG Electronics, Nanjing
Panda Electronics, Radiant Opto-Electronics, Sharp, Skyworth, Wistron Neweb
Hangzhou : Asia Optical, Eastcompeace, FIH, Founder, Hon Hai, Huawei,
LG Electronics, Panasonic, Techfaith Wireless, Toshiba, UTStarcom, Yamaha, ZTE
Changshu : Canadian Solar, Elitegroup, Gold Circuit, Huan Hsin, Jarllytec, Quanta,
Sharp, Silitech, Simplo, Sunrex, United Alloy-Tech
Wujiang : Arima Communications, Arima Phtovoltaic, Chicony, Delta Electronics,
Flextronics, JAE, Ju Teng, Lite-On Tech,
NEC, Radient Opto-Electronics, Tatung
Changzhou : AAC Technologies, Amphenol, Epistar, Flextronics, Lite-On Tech,
Trina Solar
Ningbo : BYD Company, Chimei Innolux, Coretronic, Gigabyte, TXC
Taizhou : Ju Teng, LG Electronics, Wistron
Yangzhou : Boardtek, E Ink, JA Solar, Suntech
Huai'an : Darfon Electronics, Hon Hai
Jiashan: Renesola
Lianyungang : JA Solar
Shuyang : AAC Technologies
Yuyao : Sunny Optical
Bohai Economic Rim
Provinces/municipalities: Beijing , Tianjin ,
Liaoning , Shandong , Hebei
Population: 246 million
GDP per capita: Rmb48,250 (US$7,560)
Min monthly wage: Beijing (Rmb1,260), Tianjin (Rmb1,310)
Beijing : BOE Technology, BYD Company, BYD Electronic,
China Communication Services, Corning, Datang Telecom,
Elcoteq, FIH, Greatwall, Hon Hai, HTC, Hyundai, Intel, K-Touch,
Lenovo, LG Chem, LG Electronics, Motorola, Nanjing Panda
Electronics, Nokia, Panasonic, Philips, RDA Microelectronics,
Samsung Electronics, Sanyo, Sharp, SMIC, Sony, Spreadtrum,
Techfaith Wireless, TPV, UTStarcom, Xiaomi
Tianjin : Advanced Connectek, AU Optronics, Cheil Industries,
Cheng Uei Precision, Daeduck, Daewoo Electronic, Daishinku,
Datang Telecom, Delta Electronics, Hi-P International, Hon Hai,
Hosiden, INTOPS , Inventec , Jabil Circuit, KH Vatec,
LG Electronics, Lite-On Tech, Motorola, Panasonic, Samsung
Electro-Mechanics, Samsung Electronics, Samsung Mobile
Display, Samsung SDI, Samsung Techwin, Sanyo, Seiko Epson,
SMIC, Sunny Optical, Spreadtrum, Yamaha
Qingdao : Creative Tech, Haier, Hi-P International, Hisense,
Hosiden, LG Electronics, Panasonic, TDK, TE Connectivity
Dalian : Asahi Glass, Haier, Intel , Panasonic, Sanyo, TDK,
Toshiba
Shenyang : Hon Hai, LG Electronics, Panasonic, SIM Tech,
Techfaith Wireless
Weihai : Daewoo Electronic, Huan Hsin, INTOPS ,
Samsung Electronics
Yantai : Hon Hai, Jabil Circuit, LG Innotek, Partron
Qinhuangdao : Hon Hai, LG Electronics
Langfang : FIH, Hon Hai, Huawei
Baoding : Yingli Solar
Jinan : Haier
Tangshan : Panasonic
Yingkou : Hon Hai
Zibo : Hisense
Pearl River Delta Economic Zone
Provinces/municipalities: Guangdong , Hong Kong
Population: 113 million
GDP per capita: Rmb50,150 (US$7,860)
Min monthly wage: Shenzhen (Rmb1,500), Dongguan (Rmb1,270-1,290) GDP per capita excluding Hong Kong
Shenzhen : AAC Technologies, Accton, A-Data, ADDA, Advanced Connectek, Anpec, Asahi Glass, Asia Optical, AVC, BYD Company, BYD Electronic, Career Technology, Casio
Computer, Chimei Innolux, China Wireless, Daishinku, Darfon Electronics, Datang Telecom, Elec & Eltek, Elitegroup, FIC , FIH, Founder, Foxconn Tech, Gionee, Greatwall, G-Tech
Optoelectronics, Hon Hai, HTC, Huawei, Jabil Circuit, Kingboard Chemical, Kingboard Laminates, Kingston, Konka, Lenovo, Lite-On IT, Maglayers, Merry, Micro-Star, Mobi, Murata,
Nam Tai Electronics, Nanjing Panda Electronics, NEC, Philips, RDA Microelectronics, Samsung Electronics, Samsung SDI, Sanmina-SCI, Sanyo, Seiko Epson, Shin Zu Shing, Silitech,
Skyworth, SMIC, SMK, Soshin, Spreadtrum, Sunrex, TE Connectivity, Techtronic, Toshiba, Unimicron Tech, United Alloy-Tech, USI, Venture Corp, ZTE
Dongguan : ACES Electronic Amperex Technology: Asia Electronic Materials, AVC, Chaun-Choung, Cheng Uei Precision, Chicony, Chilisin, Chimei Innolux, Delta Electronics, DFI,
Elcoteq, FIH, Flextronics, Founder, Foxlink Image, Gionee, G-Tech Optoelectronics, Hi-P International, Hirose, Hosiden, Huawei, Jarllytec, Kingboard Chemical, Kingboard Laminates,
Konka, KYE Systems, Largan Precision, Lite-On Tech, Nokia, NXP, Samsung Electro-Mechanics, Samsung Electronics, Samsung Mobile Display, Sanyo, Shinyang, SMK, Ta Yang, TDK,
TE Connectivity, Techtronic, VTech, Wanshih Electronic, Wintek, Yageo
Guangzhou : Comba Telecom Systems, Coretronic, Elec & Eltek, Enplas, Everlight, FIC , First Engineering, Jabil Circuit, Kingboard Chemical, LG Display, Lite-On IT, Nissha Printing,
Panasonic, Radiant Opto-Electronics, Skyworth, Sony, United Alloy-Tech
Huizhou : BYD Company, Chaohua Tech, Compeq, Coretronic, Hon Hai, KH Vatec, Kingboard Chemical, Lenovo, LG Electronics, LG Innotek, Samsung Electronics, Sanyo, Sony,
TCL Communication, TCL Multimedia, United Alloy-Tech, Young Fast
Foshan : Chimei Innolux, Hisense, Hon Hai, Kingboard Chemical, Toshiba
Zhongshan : Ichia Tech, Ju Teng, Shin Zu Shing, Sunny Optical, Wistron
Zhuhai : Eastcompeace, Flextronics, Founder, Panasonic, TE Connectivity, Toshiba
Jiangmen : Asia Optical, Elec & Eltek, Kingboard Chemical, Kingboard Laminates, Lite-On Tech, Panasonic
Shunde : Minebea, Mitac, TE Connectivity
Heyuan ZTE
Meizhou : Chaohua Tech
Qingyuan : VTech
Central China
Provinces/municipalities: Henan , Shanxi , Anhui ,
Jiangxi , Hubei , Hunan
Population: 358 million
GDP per capita: Rmb29,130 (US$4,570)
Min monthly wage: Wuhan (Rmb1,100), Zhengzhou (Rmb1,080)
Wuhan : Greatwall, Haier, Hon Hai,
Lenovo, NEC, TPV, Tripod
Hefei : BOE Technology, Lienpal
(Lenovo-Compal JV), Haier, LDK Solar, ZTE
Wuhu : Delta Electronics, Hisense, Hon Hai
Taiyuan : FIH, Hon Hai
Ganzhou : Lite-On Tech, Toshiba
Luoyang : Canadian Solar, Hon Hai
Changsha : BYD Company
Chenzhou : Delta Electronics
Chuzhou : Konka
Huzhou : Ta Yang
Jincheng Hon Hai
Jiujiang : Ability Enterprise
Nanchang : LDK Solar
Xinxiang : TCL Multimedia
Xinyu : LDK Solar
Zhengzhou : Hon Hai
Western China
Major provinces/municipalities: Chongqing , Sichuan , Shaanxi
Population: 147 million
GDP per capita: Rmb29,520 (US$4,630)
Min monthly wage: Chongqing (Rmb1,050), Chengdu (Rmb1,050)
Chongqing : Acer, ACES Electronic, Asustek, AT&S, Compal
Electronics, Founder, Haier, Hon Hai, HP, Huan Hsin, Inventec,
Konka, Pegatron, People & Telecommunication, Quanta, Simplo,
Sunrex, UTStarcom, Wistron
Chengdu : Acer, BOE Technology, Compal Electronics, Datang
Telecom, Dell, Hi-P International, Hon Hai, Intel , Lenovo,
Minebea, Mitac, Sharp, Shin Zu Shing, Sony, TCL Multimedia,
Texas Instruments, Wistron
Xi'an : BYD Company, BYD Electronic, Datang
Telecom, Mobi, Samsung Electronics, XAHT
Antenna Technologies, ZTE
Beihai : Greatwall, Lite-On Tech, TPV
Haikou : Samsung Electronics, Yingli Solar
Huhhot : Skyworth, TCL Multimedia
Guilin : NEC
Guiyang : Hisense
Liuzhou : Hon Hai
Mianyang : FIH
Nanning : Hon Hai
Neijiang : Ju Teng
Ordos : BOE Technology
Shangluo : BYD Company
Xianyang : Konka
Capital/Municipality Provincial Capital City Airport Port Expressway Main railway
No. of staff Since 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 2008 2009* 2010 2011 2012
Shenzhen 380,000+ 1996 900 900 1,200 1,550 1,800 1,650 1,800 2,300 3,000 3,300 900 900 1,100 1,320 1,500
(to scale down) (Jul) (No Revision) (Jul) (Mar) (Feb)
Foshan 20,000+ 1990 770 770 1,080 1,350 1,350 1,700 1,800 2,100 2,250 2,850 770 770 920 1,100 1,270 - 1,290
(Apr) (No Revision) (May) (Mar) (Suggested)
Zhongshan 1,800 1999 770 770 1,080 1,350 1,600 1,650 1,800 2,300 2,500 2,800 770 770 920 1,100 1,270 - 1,290
(Apr) (No Revision) (May) (Mar) (Suggested)
Huizhou 10,000+ 2008 670 700 1,000 1,350 1,550 1,500 1,700 2,000 2,250 2,750 670 670 810 950 ~1,140
(Apr) (No Revision) (May) (Mar) (Suggested)
Shanghai 30,000+ 2003 960 960 1,200 1,320 1,500 1,600 1,800 2,300 3,000 3,400 960 960 1,120 1,280 1,450
(Apr) (No Revision) (Apr) (Apr) (Apr)
Kunshan 60,000+ 1993 850 850 1,200 1,500 1,530 1,250 1,600 2,000 2,600 3,300 850 850 960 1,140 1,320
(Jul) (No Revision) (Feb) (Feb) (Jun)
Huai'an 30,000 2007 700 700 910 1,100 1,550 1,250 1,450 1,800 2,100 2,850 700 700 790 930 1,100
(Jul) (No Revision) (Feb) (Feb) (Jun)
Wuhan 30,000 2007 700 850 950 1,100 1,550 1,000 1,300 1,600 2,350 2,500 700 700 750 1,100 1,100
(Aug) (No Revision) (May) (Dec) (To Be Announced)
Zhengzhou 130,000+ 2010 N.A. N.A. 1,200 1,350 1,550 N.A. N.A. 2,500 2,750 2,850 600 600 800 1,080 1,080
(to scale up to 300,000+) (Jan) (No Revision) (Jul) (Oct) (To Be Announced)
Taiyuan 50,000 2003 720 800 1,200 1,350 1,550 1,200 1,500 2,150 2,500 2,750 720 720 850 980 1,125
(Oct) (No Revision) (Apr) (Apr) (Apr)
Jincheng 40,000+ 1998 850 900 1,100 1,400 1,550 1,400 1,500 1,750 2,400 3,000 720 720 850 980 1,125
(Oct) (No Revision) (Apr) (Apr) (Apr)
Yantai 80,000 2004 760 760 1,100 1,400 1,550 1,650 1,800 2,000 2,650 3,000 760 760 920 1,100 1,240
(Jan) (No Revision) (May) (Mar) (Mar)
Chongqing 30,000+ 2009 N.A. N.A. 950 1,350 1,550 N.A. N.A. 1,750 2,300 2,750 680 680 680 870 1,050
(to scale up to 100,000+) (Jan) (No Revision) (No Revision) (Jan) (May)
Chengdu 20,000+ 2010 N.A. N.A. 1,200 1,350 1,550 N.A. N.A. 2,000 2,700 3,000 650 650 850 850 1,050
(Jan) (No Revision) (Aug) (No Revision) (Jan)
Beijing 15,000 2002 800 1,170 1,200 1,450 1,650 1,650 1,800 2,350 3,000 3,750 800 800 960 1,160 1,260
(Jul) (No Revision) (Jul) (Jan) (Jan)
Tianjin 20,000 2005 820 820 960 1,250 1,450 1,700 1,950 2,100 2,650 3,000 820 820 920 1,160 1,310
(Apr) (No Revision) (Apr) (Apr) ( Feb)
Langfang 30,000 2006 750 750 900 1,100 1,400 1,500 1,700 2,000 2,600 2,750 750 750 900 1,100 1,100
(Aug) (No Revision) (Jul) (Jul) (To Be Announced)
Yingkou 2,000 2007 580 700 1,000 1,300 1,400 900 1,100 1,500 2,100 2,400 580 580 750 900 900
(Jan) (No Revision) (Jul) (Jul) (To Be Announced)
Qinhuangdao 4,000+ 2007 750 800 1,050 1,370 1,600 1,800 1,900 2,500 2,750 3,000 750 750 900 1,100 1,100
(Aug) (No Revision) (Jul) (Jul) (To Be Announced)
772 825 1,078 1,331 1,538 1,463 1,656 2,053 2,550 2,947 745 745 882 1,063 1,149
y/y N.A. 7% 31% 23% 16% N.A. 13% 24% 24% 16% N.A. N.A. 18% 21% ~16%
Hon Hai Wage & MinimumWage (Rmb/month), 2008 -2012
Hon Hai Base Salary at Entry Level Hon Hai Average Wage of Skilled Labour^ Statutory MinimumWage (Month of Revision)
Average
^Skilled Labour is defined as a worker with 1 year of experience, post probation and work a mediumamount of overtime according to company guidance. *2009 has no revision as most of provinces experience industrial output slowdown.
Source: Hon Hai recruitment website, Provincial Human Resources Bureau, Barclays Research
Note: Underline/bold indicates company headquarter in China. Source: Company data, Barclays Research, National Bureau of Statistics of China