An industrial park in the Qidong Economic Development Zone. [Photo/WeChat account: qidongfabu]

On Nov 8, agreements for two significant projects were signed in the Qidong Economic Development Zone, marking a major step in the region's industrial expansion.

The first, a chip packaging, testing, and assembly line project with a total investment of 150 million yuan ($20.74 million), is poised to be led by a team of primarily overseas-educated doctors, with more than 90 percent of the staff being technical experts. The team has already achieved notable success in the wireless communication sector, having developed nearly 50 chip models, 20 now in mass production.

Another key project, a semiconductor process medium delivery system, has an investment of 100 million yuan. This project focuses on manufacturing and installing high-purity medium delivery systems in integrated circuits, life sciences, new energy, and optical fiber industries.

The Qidong Economic Development Zone is positioning itself as a hub for semiconductor components and new materials companies and is accelerating the construction of a 10.3-square-kilometer electronic information industrial park.

This expansion aims to provide more space for the growing electronics and information technology firms. So far this year, the park has introduced nine integrated circuit projects, including three with investments exceeding 500 million yuan each.

On Nov 9, Nantong Yinyao Medical Materials held its completion ceremony at the Jinhui Sci-Tech Innovation Park. With a total investment of 100 million yuan, the project is set to produce medical-grade polyurethane bio-based materials.

Jinhui Sci-Tech Innovation Park, tailored for the semiconductor and biomedicine industries, has seen a substantial influx of high-quality enterprises since its opening.