They gave the Chinese a 10 percent share, they made 150 million dollars worth of exports to the US
Original headlineÇinlilere yüzde 10 hisse verdiler, ABD'ye 150 milyon dolarlık ihracat yaptılar
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Pekintaş has transferred Chinese manufacturing technology to Turkey by granting a 10% equity stake to its Chinese partner following lengthy negotiations, according to Vahap Munyar. The company built a factory with a $300 million investment and has since exported $150 million worth of goods to the US market. The deal illustrates how Turkish manufacturers are trading ownership stakes for advanced production know-how rather than paying for technology outright. The scale of the US exports signals that the transferred technology has made the plant competitive in a major developed market. Watch for whether Pekintaş expands the equity-for-technology model to other product lines and whether US-bound shipments keep pace with the initial $150 million.
Muhabbit's AI wrote this summary in its own words from Ekonomim's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
Pekintaş, Vahap Munyar, United States, China, Turkey