There is nothing comparable to this in the US! Even if an USA company were to offer this type of workplace living, I doubt if it will succeed on the same scale as in SMIC. It can only work in China...
maybe it is interesting to americans but not new to Chinese people, back to 30years ago, most of big Chinese state owned companies ran daycare, school,accomodation and even grocery store to serve the employees and their families in the residence campus. and nowadays, still many big state owned the giant companies keep these functions like power supply industry, petro industry, etc. however i agree to build a good school is a great idea and very attractive to employees who have kis in China, the only problem is most of the best schools in China are public schools but not priviate schools, maybe the companies can just sponsor the best schools for ensure the seats for their employee's kids.
I don't mean this disrespectfully, but it could work anywhere where professionals in a given industry do not naturally want to work that could be China, India, Vietnam, etc.
Taking the school out (to a degree), I believe it has happened even in the U.S. and Canada for resources and mining.
30 years ago? Gimme a break.
My father-in-law's family did the same thing on their tea plantation in southern Guangdong province, over 200 years ago. The entire town was owned by the extended family as granted by the government (imperial, pre-Guomindang), including shop and residence spaces, a temple, two schools (equivalent to primary and secondary), all public works, graveyard, etc. Heavily subsidized by the owners, the rents were low and generally people were happy with the situation.
Pretty much the same layout, except it was a rural agricultural center instead of an urban high-tech one. Essentially, a private collective - but clearly the precursor to the commune and later the SMIC-type complex.
This is a very old model that has worked successfully in China for centuries. Of course, it only works if the owners aren't stupid, cruel or corrupt.
As the article says, this is about setting “up a successful operation in emerging markets.”. In the USA it is easier to find a good community with good schools, housing, stores, power, and roads. Then build the factory there. There are many good schools to choose from. The USA is not perfect, but it is much better than most locations in most emerging markets.
blah, blah blah the USA is better, blah blah. Missed the point, you have.
This is an update of an ancient method that works in China and just happens to be successful at attracting foreign and domestic high-tech talent.
Of course it wouldn't be a good fit if plunked down in the middle of Cincinatti (Detroit, perhaps? Maybe. Apologies to Detroit, but friends from there say it's struggling.)
It's about innovating - taking an ancient concept from China and making it work in modern China.
Stop comparing it to Europe or US. It's like comparing apples to elephants.
As we unveil EE Times’ 2015 Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. Panelists from incubators join Peter Clarke in debate.