Source: China Daily

The Academy of Integrated Circuit Innovation at the Chinese Academy of Sciences will invest in building a research and development center in Qingdao, with an agreement signed in the coastal city on April 29. The new project aims to become an R&D pinnacle and a tech achievements industrialization hub for the integrated circuit industry in northern China. Qingdao Mayor Meng Fanli said at the ceremony that the city government highly values the sector and is keen to attract related investment projects and professionals.