Novaco Microelectronics wins the "Investment Institution Recommendation Award" at the 6th JiWei Semiconductor Summit. [Photo/WeChat account: chongchuanonline]

Novaco Microelectronics Technologies Ltd – located in the City North Hi-Tech Zone in the Chongchuan district in Nantong city in East China's Jiangsu province – recently won the "Best Investment Value Award" and the "Investment Institution Recommendation Award" at the 6th JiWei Semiconductor Summit, or the JWSS.

The summit, held in Xiamen city of East China's Fujian province on July 15-16, is regarded as a benchmark of China's semiconductors industry. It aims to convey the leading development trends in the global semiconductors industry.

Staff from Novaco Microelectronics pose for a photo at the 6th JWSS event in Xiamen. [Photo/WeChat account: chongchuanonline]

Novaco Microelectronics, established in 2016, is a high-tech enterprise specializing in the design of RF microwave integrated circuits.

This year, its revenue is projected to reach 150 million yuan ($22.23 million).

The company has launched dozens of mass-produced high-performance RF chips, which are widely used in 5G base stations, mobile phones, the internet of things and in other areas. To date, it has become a supplier to Zhongxing Telecommunication Equipment and Quectel Wireless Solutions and to other customers.