China Resources Microelectronics (CRM), a China-based provider of IC design, foundry, packaging/testing services and manufacturing of discrete devices, has initially invested NT$10 million (US$339,000) to establish a marketing subsidiary in Taipei to tap the local market, with the scope of business to be extended from ICs to LED and green energy products, according to CEO Elvis Deng Maosong.

CRM, which posted revenues of HK$3 billion (US$385 million) in 2009, currently has an 8-inch fab rolling out 30,000 wafers a month and two 6-inch fabs for a total production of 100,000 wafers. The 8-inch fab has a capacity of 60,000 units, Deng noted.

CRM has already established business ties with a number of Taiwan-based IC design houses and downstream system product makers, Deng added.

The CRM Taipei office currently has over 20 employees and plans to recruit more in 2011, Deng said.