200 million! Tanigawa Union Bank helps chip project settle in Huozhou Economic Development Zone
2023-06-09 14:12

Recently, Guichuan United has made new progress in its investment promotion collaboration with the Huozhou Economic and Technological Development Zone—Shenzhen Furuui Technology Co., Ltd. has established operations in the Science and Technology Innovation Park of the Huozhou Economic and Technological Development Zone, investing 200 million yuan to build a chip packaging and testing facility with an annual production capacity of 200 million units.

200 million! Tanigawa Union Bank helps chip project settle in Huozhou Economic Development Zone

Guichuan United’s role as a facilitator has created the ideal setting and atmosphere for precise government-enterprise collaboration.

Meanwhile, adhering to the principle of “allocating resources to follow projects,” the Huozhou Economic and Technological Development Zone took the initiative and provided proactive services, transforming the company’s “concerns” into “reassurances” and bringing the project from “paper” to “reality.”

Seizing the “New Track” in Emerging Industries

On May 29, Linfen City held its second “Three Batches” event of 2023 for development zones in sync with the rest of the province.

At the centralized signing ceremony held at the Linfen sub-venue, the Huozhou Economic and Technological Development Zone signed an agreement on the spot for a 200-million-unit chip packaging and testing project. With a total investment of 200 million yuan, the project is expected to generate an output value of no less than 100 million yuan once fully operational.

200 million! Tanigawa Union Bank helps chip project settle in Huozhou Economic Development Zone

This marks not only another substantial breakthrough in the development zone’s investment promotion efforts but also a concrete implementation of Huozhou City’s 2023 Action Plan for the province’s electronic information manufacturing sector.

In March of this year, the Shanxi Provincial Department of Industry and Information Technology issued the “2023 Action Plan for the Electronic Information Manufacturing Industry in Shanxi Province,” which clearly outlined key priorities and implementation measures.

As the foundation for computing power and storage, the semiconductor industry ranks first among the “Key Priorities”:

Focusing on industrial chain segments such as materials, equipment, manufacturing, packaging and testing, and applications, the plan supports the growth of leading and core enterprises while accelerating the cultivation and introduction of upstream and downstream supporting businesses.

It is evident that the 200-million-chip packaging and testing project recently signed with the Huozhou Economic and Technological Development Zone aligns closely with the "Action Plan."

In recent years, driven by technologies such as 5G and AI, chip packaging and testing has been shifting from a traditional labor-intensive industry to one that is technology- and capital-intensive. China has gradually developed relatively complete and mature processes in the packaging and testing segment, making it highly likely to become the first sector in the semiconductor industry chain to achieve full domestic production.

The company’s decision to locate here highlights Huozhou’s distinct advantages in terms of geographical location, transportation, factor supply, and technical talent.

Building on this chip packaging and testing project, the Huozhou Economic and Technological Development Zone will further focus on emerging industries to enhance the quality and efficiency of investment promotion, strengthen and optimize its manufacturing base, and promote industrial transformation and upgrading.

Guchuan United Acts as a "Matchmaker"

Driven by strong demand and robust policy support, the chip industry is undergoing an unstoppable third wave of industrial relocation.

This trend is particularly evident in the mid-to-downstream segments of chip manufacturing and packaging and testing, where relatively lower technical barriers have led to a pronounced shift from coastal to inland regions.

For inland regions, this presents both an opportunity and a challenge.

To create key platforms for receiving this industrial shift, industrial parks are springing up across the country.

For example, the Huozhou Science and Technology Innovation Park features an integrated “office + factory” design and is equipped with comprehensive water, electricity, road, gas, heating, and communication systems. It provides enterprises with functional spaces including production facilities, office spaces, technology incubation, and recreational amenities.

200 million! Tanigawa Union Bank helps chip project settle in Huozhou Economic Development Zone

△ The Huozhou Science and Technology Innovation Park covers an area of approximately 57.44 mu and consists of one business accelerator building and seven standardized factory buildings.

Excellent hardware requires equally robust software to complement it.

Investment promotion professionals must continuously expand their knowledge base and establish a comprehensive system for investment attraction and enterprise services to seize the “opportunity” presented by industrial relocation and secure a share of the market.

This year, Huozhou established five dedicated investment promotion teams led by municipal-level officials to continuously deepen reforms in investment promotion mechanisms, innovate attraction models, and optimize the business environment.

As a partner of the Huozhou Economic and Technological Development Zone, Guchuan United conducted multiple on-site surveys to compile the *Huozhou Economic and Technological Development Zone Industrial Positioning Plan, Investment Attraction Map, and Investment Strategy*, precisely identifying corporate development needs and the industrial relocation from eastern cities. The goal is to achieve greater precision in both investment attraction strategies and methods.

The signing and establishment of this chip packaging and testing project exemplifies the seamless collaboration between the Huozhou Economic Development Zone and Guchuan United in both investment strategy and execution.

By focusing on a clear industrial positioning and conducting chain-based investment promotion and incubation, the zone aims to create a robust industrial ecosystem with well-developed upstream and downstream sectors and a vibrant industrial atmosphere. This approach not only fosters better local industrial development but also helps minimize the risk of enterprise attrition.

Today, driven by the Economic Development Zone’s efficient service system, the project has entered the factory renovation phase.

An "Upgrade" in Investment Promotion

With 14 years of deep expertise in investment promotion and corporate site selection, Guchuan United has established a presence in 19 cities across China. Rooted at the forefront of investment promotion, we constantly sense the pulse of industrial development.

In our view, government investment promotion and corporate site selection have always been two sides of the same coin.

As “intermediaries,” we must understand both the government and the enterprises, while also staying attuned to the current state of relevant industries and competitive landscapes, ensuring we are on the same wavelength as entrepreneurs.

This is precisely why Guchuan United positions itself as a “regional economic development service provider,” rather than simply serving government investment promotion or corporate site selection.

The chip packaging and testing project that has recently settled here is a perfect match between the company’s site selection needs and the industrial park’s investment promotion requirements.

Upon receiving information about the company’s site selection, GuChuan United leveraged its precise understanding of the semiconductor industry to quickly refer the project to suitable industrial parks.

At the same time, we assist partner industrial parks and enterprises in organizing mutual site visits and refining hosting proposals, highlighting the park’s unique advantages in terms of resource endowments, industrial foundations, and investment policies to attract the enterprise’s interest and further solidify its investment intentions.

Through this precise matching, the industrial park and the company hit it off immediately.

This process may seem straightforward, but it is actually fraught with challenges. With tens of thousands of industrial parks and hundreds of millions of market entities, the situation is akin to countless keys and locks. Traditional investment promotion methods are like repeatedly trying keys—only when a key is inserted into a lock can one confirm whether they are a good fit.

However, GuChuan United leverages its proprietary investment promotion big data system to minimize this process, enabling multiple rounds of matching before the key and lock even meet.

Over the years, we have continuously accumulated investment promotion experience through practical application, iteratively updated our industrial big data system, and rigorously tested and validated it in our self-developed parks, such as the Guichuan High-Tech (Dezhou) Industrial Park and the Shanghai Xincheng Guichuan Smart Manufacturing Industrial Community.

One day, Guichuan United will fully integrate our extensive investment promotion experience with technologies such as big data and artificial intelligence, enabling automatic algorithmic matching and efficient connections between promoters and investors, thereby driving another round of transformation and upgrading in the investment promotion industry.

We look forward to that day and will take concrete actions to turn this seemingly unrealistic dream into reality.

Source: Investment Promotion Network
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