Silicon Valley Supports Chinese Developments Efforts; Introduces Opportunities to SEMI Membership
On February 18, a team of government officials and company representatives led by Li Hongzhong, Party chief of Hubei province, signed 17 collaborative MOUs (memos of understanding) with companies, research organizations and associations, mostly based in Silicon Valley.
Allen Lu, president of SEMI China, and Jonathan Davis, president of SEMI Semiconductor Business, attended the “Hubei Night in Silicon Valley” event hosted by the visiting head of the Hubei province and mayor of Wuhan. California Governor Jerry Brown, San Francisco Mayor Ed Lee and Oakland Mayor Jean Quan also participated in the signing of a collaborative MOU between SEMI and Hubei’s Wuhan East Lake High-Tech Park.
Davis signed the MOU first and then was invited to stand with Governor Brown, the head of the Hubei Province, and China’s Consulate General to witness the signing of all of the other MOUs. Many Silicon Valley companies were represented at the event, including Intel, Spansion, AMAT, KT, COMET, Synopsis, First Solar, Miasole, Marvel, and other companies.
SEMI China will provide guidance and consultation to support the City's objectives to develop strong semiconductor, solar photovoltaic, flat panel display, and semiconductor lighting industries in Wuhan City. The agreement positions SEMI strategically in the region, especially to the government agencies in China, as the Hubei Night was part of the activities following the U.S.-China Strategic Economic Dialogue (SED) by the head of states. Wuhan city will exhibit at SEMICON China 2012 and SEMI China will provide industry research, coordination and industry visibility to assist in the City’s technology sector development plans.
Companies in Silicon Valley that attended the event included various sectors, including semiconductors, automotive electronics and bio-technology, which are in line with the Hubei provincial government's 12th Five-Year Plan (2011-15) of upgrading its lower-end manufacturing industries to high-end, high-tech industries. The largest deal, worth $500 million, is a China-U.S. Technology Park that will be built by Huagong Technology Company, a laser equipment manufacturer based in Hubei's capital city, Wuhan, and Sino Ambassador, a Detroit-based consulting firm with a focus on China. Synopsys, the leading semiconductor electronics design automation (EDA) company, plans to invest $50 million in two EDA software bases in the technology park, which are expected to be completed in 2013.
To develop the zone, an administrative commission will set up an investment promotion branch in Silicon Valley to attract investment and talent, according to an official website.
March 6, 2012