Wuxi to carry out 209 major projects in 2018

The commencement ceremony for Wuxi's major 2018 projects and Hua Hong Semiconductor’s integrated circuit research and development center was held in Wuxi's Hi-tech district on March 2. [Photo/WeChat account: wuxibobao]

The commencement ceremony for Wuxi's major 2018 projects and Hua Hong Semiconductor's integrated circuit research and development center was held in Wuxi's Hi-tech district on March 2.

Li Xiaomin, Wuxi's Party secretary, and Zhang Suxin, chairman of Hua Hong Semiconductor, attended the commencement ceremony.

A total of 209 major projects will be carried out in Wuxi, Jiangsu province in 2018, costing a total of 313.9 billion yuan ($49.4 billion). The projects will include 172 industrial projects, 29 projects to improve living standards, and four projects related to innovation.

Hua Hong Group is China's integrated circuit industry leader and an important member of China's "909" or "910" project. Wuxi, for its part, is a key micro-electronic industrial base as well one of the national "908" project cities. Thus, their cooperation is mutually beneficial in terms of industrial development.

An aerial view of the integrated circuit industrial park in Wuxi's Hi-tech district, which was financed by Hua Hong Semiconductor. [Photo/ wxrb.com]

The project, costing a total of $10 billion, was approved on Aug 2, 2018 and will be completed in 2019, with the aim of achieving an output value of 5 billion yuan annually. The project has attracted much attention in Wuxi and throughout Jiangsu province.

The integrated circuit research and development base will aggressively promote the development of the integrated circuit industry in Wuxi and the rest of Jiangsu province.

Zhang Suxin has stated that Hua Hong Group, an integrated circuit manufacturer, plans to fully utilize existing technical resources and take advantage of Wuxi's industrial park to build Wuxi into a smart city through multi-level strategic cooperation.

This cooperation, along with the new policy implemented by the Wuxi municipal government on Feb 6 to promote the development of the integrated circuit industry, will contribute greatly to the building of an advanced, internationally competitive manufacturing base in Wuxi.