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Semiconductors
TechTech War

New China-Korea semiconductor industrial complex starts construction amid Beijing’s push for tech self-reliance

  • The municipal government of Wuxi and memory chip giant SK Hynix have teamed up to develop the China-Korea Integrated Circuit Industrial Park
  • The city is expected to become home to 19 new semiconductor-related projects with a combined investment of US$4.7 billion

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An artist’s illustration of the new China-Korea Integrated Circuit Industrial Park in Wuxi, in eastern Jiangsu province. Photo: Weibo
Tracy Qu
The municipal government of Wuxi, a city in eastern Jiangsu province, has partnered with South Korean memory chip giant SK Hynix to develop the China-Korea Integrated Circuit Industrial Park amid Beijing’s push to develop an advanced and self-sufficient semiconductor supply chain in the country.

Construction has started on the new industrial park with a total investment of 2 billion yuan (US$310 million), according to the Wuxi government’s announcement on Thursday. There were no details about the facilities to be built on site and the completion date for this infrastructure.

Following that announcement, the city is expected to become home to 19 new semiconductor-related projects with a combined investment of 30.3 billion yuan, according to a report posted on the Wuxi government’s official WeChat account.
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Among those projects, Wuxi Lead Intelligent Equipment Co – a company principally engaged in the research and development, design, production and sales of automation gear – has invested 10 billion yuan to build an advanced manufacturing research institute focused on integrated circuits (ICs) and new energy equipment.

The city of Wuxi, located northwest of downtown Shanghai, is expected to become home to 19 new semiconductor-related projects in the next few years. Photo: Shutterstock
The city of Wuxi, located northwest of downtown Shanghai, is expected to become home to 19 new semiconductor-related projects in the next few years. Photo: Shutterstock
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Wuxi, where four other industrial parks are already located, plans to build an extensive value chain centred around major semiconductor enterprises, including SK Hynix and Chinese chip foundry Hua Hong Semiconductor, according to the municipal government’s announcement.
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