Wuxi's integrated circuit (IC) industry maintained strong growth momentum despite the impact of the COVID-19 epidemic in the first three quarters of 2020, according to the local industry and information technology department.
Wuxi National Hi-tech District (WND) released a five-year development plan and a three-year action plan on Jan 4 to achieve the high-quality development of the Taihu Bay Technological Innovation Belt.
Construction on five projects worth 8.5 billion yuan ($1.3 billion) in the Wuxi Economic Development Zone started on Dec 25.
Wuxi introduced a number of new projects from Beijing during a summit held Dec 16, aiming to promote the development of new-generation information technologies.
SK Hynix System IC, a subsidiary of SK Hynix that specializes in the foundry business, started operating its M8 project in Wuxi National Hi-tech District on Dec 12.
Taiwan-based Shanghai Commercial & Savings Bank Ltd (SCSB) opened its first mainland first-level branch in Wuxi on Dec 10.
A total of 52 companies have set up their headquarters in Wuxi to date, 17 of which were set up this year, the city's development and reform committee reported recently.
Hodo Group, a Wuxi-based textile and garment giant in Jiangsu province, said it has seen a strong recovery in retail and foreign trade despite the influence of the COVID-19 pandemic.
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