Recently, CNN Business reported that China’s regulatory crackdowns that hurt the technology industry might have a light at the end of the tunnel. According to state-run Xinhua News Agency, China “promised to promote the healthy development of the internet economy and introduce specific measures to support the sector,” the Communist Party’s Politburo said Friday.
Whether this good news foreshadows positive things to come or a blip in China’s harsh regulatory actions, the semiconductor technology projects don’t seem to be slowing down. This month alone, the industrial technology projects that we have watched amount to over 117 projects with close to $26 billion invested. Whether those initiated projects just received the green light to begin planning or were able to break ground amidst China’s regulatory crackdowns is unknown.
This month projects ranging from 5G to environmental protection and high-end equipment to new materials plants China projects in the world of semiconductors appear to be pushing forward despite local regulatory challenges.
Of the many projects launched in May, one of the most recent Xiqi Technology semiconductor research production projects was signed in Dalian and is planned to be set up in China’s “North Silicon Valley.” The project focuses on the assembly and production of Xiqi Technology equipment and the R&D incubation training of 2-inch and 0.5-inch lines of Xiqi Technology’s new products. The 2-inch and 0.5-inch line products are widely used in semiconductors, flat panel display, photovoltaic solar energy, and material application.
On May 10, 2022, a signing of nine significant projects covering various emerging industrial areas such as electronic information and new energy occurred in Kunshan. Five of which are foreign-funded with a total investment of 1.14 billion dollars, and four of which are domestically funded with a total investment of 2.4 billion yuan. Weijia Jingchuang’s comprehensive operation center for sapphire material precision processing project is one of the signed projects, focusing on sapphire precision processing products for mobile phone screens and substrates. Another of these nine projects is the CAREER electronic high-frequency high speed intelligent 5G antenna project, the largest domestic and the 6th largest flexible wire circuit board manufacturer globally, with a total investment of 150 million dollars. The project will mainly produce all kinds of flexible, multilayer printed circuit boards for 5G high-frequency antennas, high-density, and high-thin line flexible circuit boards, antennas, and components of wireless communication terminal products.
If you are interested in more details about past, present, or future projects happening in China, check out our China News for boots-on-the-ground reporting by Kiterocket’s Asia team.
