This is what Sakamoto planned:
Yukio Sakamoto, the former Elpida CEO, hatched Sino King Technology with plans to gather hundreds of senior chip engineers from Japan, Taiwan and Korea. The startup began its life as part of a $7 billion project conducted by the city of Hefei, capital of Anhui province in eastern China. The project included a wafer fab to produce cutting-edge semiconductors in its city.
Sino King started with 10 Japanese and Taiwanese engineers, with plans to hire experts in design and production technology, aiming to employ around 1,000 engineers.
Sino King, however, no longer appears to be in active operations.
According to Yunogami, Sakamoto in recruiting had promised Japanese semiconductor engineers an annual salary of 100,000,000 yen (roughly $887,000) under the condition that they must move to China and live there for at least three years.
Word on the street in Japan is that Sakamoto actually succeeded in signing up 180 Japanese engineers. Progress stalled at Sino King, not because of lagging recruitment, but because Chinese investors refused to accept Sakamoto’s promise to hire engineers at such an exorbitant salary. Sakamoto reportedly would not back down, refusing to go lower than 100,000,000 yen.
Read more:
https://www.eetimes.com/document.asp?doc_id=1331254# and now Sakamoto is senior vice president of Tsinghua Unigroup.
18NOV2019: The role of China in the global value chains.
Chair: Guntram B. Wolff, Director
Alicia García-Herrero, Senior Fellow
Seamus Grimes, Emeritus professor, Whitaker Institute for Innovation and Societal Change, National University of Ireland
Margit Molnar, Head of the China Desk, OECD Economics Department
1.5 h
https://www.youtube.com/watch?v=nkoI49v0EsI