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In the presence of Hamdan bin Mohamed bin Zayed, Smart and Autonomous Vehicles Industries (SAVI) cluster launches at Masdar City

SAVI will support innovation and the commercialisation of smart and autonomous vehicle technologies in the UAE

ABU DHABI, UNITED ARAB EMIRATES – EQS Newswire – 17 October 2023 – In the presence of His Highness Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, the Smart and Autonomous Vehicle Industries (SAVI) cluster has launched at Masdar City, which was endorsed by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council.

Further enhancing Abu Dhabi’s industrial evolution, SAVI aims to position Abu Dhabi as a leading smart and autonomous vehicles hub, making significant contributions across air, land and sea mobility applications.

SAVI will support innovation and the commercialisation of smart and autonomous vehicle technologies in the UAE, unlocking their global potential, by providing state-of-the art facilities and value-added services within an enabling regulatory environment.

His Excellency Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED) said: “Abu Dhabi is uniquely positioned to lead the charge in advancing technology and commercialisation within the smart and autonomous vehicles sector. Backed by a proven track record of accelerated innovation and built on a robust industrial base, the emirate both embraces and shapes global trends, supercharging the sector by leveraging its infrastructure, talent, progressive regulatory mindset, and key location at the crossroads of global trade.

“As a catalyst for Abu Dhabi’s diversification, SAVI is a game changer that will unleash extraordinary economic growth and create new opportunities for talent, entrepreneurs, and investors. SAVI is projected to contribute AED90-AED120 billion to the UAE economy and generate 30,000-50,000 jobs, which will create an extended ripple effect benefitting various sectors, and taking our smart, diversified, sustainable Falcon Economy to new heights”.

The launch of Smart and Autonomous Vehicles Industry (SAVI) cluster follows Abu Dhabi Industrial Strategy (ADIS), launched by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, in June 2022, that aims to leverage advanced technologies to harmonise human development, sustainability, and growth.

ADIS champions green economy practices and Industry 4.0 technologies to drive Abu Dhabi’s transition towards a smart, circular, and sustainable economy.

The Abu Dhabi Department of Economic Development (ADDED) and Abu Dhabi Investment Office (ADIO) are spearheading the development of SAVI covering the design, testing, and manufacturing of applications for transportation and mobility, as well as to service other sectors such as logistics. SAVI will build on the strength of Abu Dhabi’s industrial base and leverage its unparalleled access to established air corridors, road infrastructure and global network of partners.

The SAVI cluster brings together all relevant stakeholders to advance the development of the value chain, attract companies from all around the world, enable access to funding and investments, facilitate and fund innovation, streamline regulatory services and accelerate the adoption of future urban and mobility services. SAVI will house academia, test zones, R&D labs, testing and certification facilities, large scale workshops, hangars, manufacturing facilities, connected through Abu Dhabi’s global logistics network. Underpinning all operations are the local regulators establishing an enabling regulatory framework across air, land, and sea applications. These include the Abu Dhabi Department of Economic Development (ADDED), General Civil Aviation Authority (GCAA), Integrated Transport Centre and Abu Dhabi Maritime.

Three dedicated test zones, provided through ADIO’s partnerships with Tawazun Industrial Park (TIP), Miral and Maqta Gateway, part of AD Ports Group’s Digital Cluster, will enable companies to test and certify applications across air, land and sea. Enabling testing, TIP will make available its Nibras Aerospace Park, runway facilities, and an aerospace park for testing and manufacturing companies. The land testing zone in Yas Island, home to F1’s Yas Marina Circuit, offers an established road mobility test bed with a growing number of incorporated technology startups. The sea testing zone in Mussafah Port houses a port and the Abu Dhabi Maritime Academy.

The SAVI cluster will complement existing infrastructure and tap into synergies from shared technologies such as smart electrification, connectivity, and navigation software. It will also maximise the scope and coverage of applications to serve the future of integrated multi-modal logistics and mobility in the UAE, across the region and elsewhere around the world.

As the UAE prepares to host COP28, the launch of Abu Dhabi’s SAVI cluster will also help to accelerate the adoption of green mobility services and propel the country and wider world towards a zero-emissions future. SAVI will be centred in Abu Dhabi’s Masdar City, a sustainable development pioneer and a hub for research and development to realise greener, more sustainable urban living.

SAVI launches with immediate scale as many global companies concurrently announce plans to establish operations in Abu Dhabi, with each bringing specialisation in air, land and sea applications.

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Hashtag: #ADDED

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Cushman & Wakefield Takes Best Deal of the Year and Valuation Team of the Year Accolades at RICS Hong Kong Awards 2023

  • Highly commended for Best Deal of the Year
  • Highly commended for Valuation Team of the Year

HONG KONG SAR – Media OutReach – 16 October 2023 – Cushman & Wakefield, a leading global real estate services firm, has again been recognized for its leading professional service excellence at the Royal Institution of Chartered Surveyors (RICS) Awards in Hong Kong. The firm was awarded with accolades in the valuation team and best deals categories.

Highly commended — Best Deal of the Year: Cushman & Wakefield in partnership with Sino Land and BDx successfully concluded the largest leasing transaction for data center use in Hong Kong in 2022.

The leasing project is located at 38 Wing Kei Road, Kwai Chung, covering an area of 155,000 square feet. The landlord, Sino Land, has worked with the tenant, BDx, to transform the industrial building into a state-of-the-art data center facility.

John Siu, Managing Director, Hong Kong, Cushman & Wakefield, said, “Being recognized in the RICS Hong Kong Best Deal of the Year award is truly gratifying. This collaboration between Cushman & Wakefield, Sino Land and BDx has been a remarkable journey. The achievement is a result of trust and collaboration among elite professionals in all three parties and our unwavering commitment to the project. We are delighted to have been part of this leasing transaction, and the success of the project will further solidify Hong Kong’s position as a key hub for data centers in the Asia-Pacific region.”

Highly commended — Valuation Team of the Year

Cushman & Wakefield’s Valuation and Advisory Services team, the largest RICS-regulated valuation practice in the industry in Hong Kong, consistently uphold the highest international valuation standards. Their exceptional performance serves as a benchmark for the industry.

Andrew Chan, Managing Director, Head of Valuation & Advisory Services, Greater China, Cushman & Wakefield, commented, “We are thrilled to again receive this recognition of the RICS Hong Kong Awards. This recognition reflects a year of notable achievement for the team here. Our commitment to excellence and innovation has allowed us to stay at the forefront of the valuation industry since our establishment in Hong Kong in 1993. Our belief has been instrumental in nurturing young talent, staying ahead of the curve, innovating in our services, and leading the market, earning high recognition in the industry.”

K K Chiu, Chief Executive, Greater China, Cushman & Wakefield, added: “Congratulations to our professional teams on their stellar performances. This dual recognition at the RICS Awards in Hong Kong showcases our joint commitment to client-centric service and innovation in the industry. Despite the challenges faced in 2023, we have demonstrated our resilience and elevated the Cushman & Wakefield brand and leadership position in the industry to new heights. Ahead, we will redouble our efforts and our energy to deliver unmatched professional services and to lead the development of the commercial real estate industry in Greater China.”

Cushman & Wakefield’s RICS Award 2023 success in Hong Kong has also been matched in mainland China, with the firm taking top honors across multiple service lines, including Professional Consultancy Service Team of the Year — Real Estate (Valuation and Advisory Services), Research Team of the Year, Best Deal of the Year (Transaction), Best Deal of the Year (Leasing), Sustainability Achievement of the Year, and Real Estate Financing Innovation Achievement of the Year. This dual recognition in mainland China and Hong Kong markets is indicative of the firm’s expertise and collaborative synergies that underpin its market leadership across the Greater China region.

Photos:

Highly commended – Valuation Team of the Year: Hong Kong Valuation & Advisory Services team

Highly commended – Best Deal of the Year: Hong Kong Industrial Team in partnership with Sino Land and BDx

Please click HERE to download high-resolution photos.

Hashtag: #CushmanandWakefield

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About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2022, the firm reported global revenue of US$10.1 billion across its core services of valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional infaormation, visit or follow on Twitter.

BingX Launches Metaverse ZepetoX (ZTX) Coin and Price Prediction On Its Trading Platform

SINGAPORE – Media OutReach – 16 October 2023 – In a significant development for the cryptocurrency market, BingX, a leading digital asset exchange, has officially introduced the highly anticipated ZTX pair to its trading platform. The move comes as a result of a strategic partnership between BingX and Zepeto, the popular Minecraft-style game that has garnered widespread acclaim with over a billion downloads.

Building on the foundation of BigTime(BIGTIME) prior success, this groundbreaking initiative marks ZepetoX’s foray into the world of cryptocurrency.

ZepetoX made its debut in the cryptocurrency market shortly after the launch of non-fungible tokens (NFTs) on August 28th. Since then, it has quickly gained traction, amassing a total trading volume of 400 million. One of the standout features of this project is its commitment to offering a unique gaming experience. Unlike traditional metaverse projects, it provides users with complimentary access to land, housing, and maps. As users enter the game, they unlock essential gaming features, offering them the potential to earn while playing.

Furthermore, the project places a strong emphasis on identity features. Users’ land functions as a customizable stage, allowing them to decorate it according to their preferences. Users can acquire and personalize land for free, even inviting friends to explore their creative spaces. Buy ZTX coins and invest on BingX first hand.

The social dimension of the project is equally compelling. With four distinct zones encompassing Gaming, Art, Finance, and Fashion, users have the opportunity to engage in a variety of activities within their chosen zones.

Stay tuned for price prediction and updates on the exciting developments in the world of cryptocurrency and gamefi from BingX.

Hashtag: #bingx #cryptoexchange #copytrading #coinlisting

The issuer is solely responsible for the content of this announcement.

About BingX

BingX is a offering spot, derivatives, grid, and copy trading services to users in over 100 countries and regions worldwide. With a user base of over 5 million, BingX facilitates connections between users, expert traders, and the platform itself in a secure and innovative manner.

Bybit Introduces Double-Win, a Revolutionary Trading Tool to Capture Market Movements

DUBAI, UNITED ARAB EMIRATES – Media OutReach – 16 October 2023 – Bybit, the world’s third most visited crypto exchange, is thrilled to announce the launch of Double-Win, an innovative trading tool designed to empower users and maximize profit potential in the dynamic crypto market.

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Double-Win is a groundbreaking short-term structured product that enables users to react swiftly to violent market movements and fast-paced market environment, regardless of whether they are bullish or bearish to. Available now on PC and Android platforms, the iOS version of Double-Win will be released soon.

Key Features of Double-Win include:

  1. Flexibility: Double-Win allows traders to profit from market fluctuations in both upward and downward directions, ensuring maximum benefit from volatile price movements.
  2. Swift Reaction: With the ability to react swiftly to violent market movements, Double-Win empowers traders to capitalize on time-sensitive opportunities.
  3. Unique Profit Mechanism: By offering the ability to profit as long as the settlement price moves away from the preset range, Double-Win provides traders with unparalleled opportunities to achieve exceptional profits.
  4. Wide Platform Availability: Currently available on PC and Android platforms, the iOS version is set to be released soon; access through multi-devices supported.

The unique features set Double-Win apart from traditional trading strategies, Bybit users can now capture market opportunities more effectively, optimize their trading strategies, and achieve exceptional results.

“We are excited to introduce Double-Win, a new product aimed at empowering crypto traders,” said Ben Zhou, CEO of Bybit. “By expanding our tools like Double-Win, we are diversifying our strategy and solutions for users. This approach gives traders flexibility across assets. With Double-Win as part of our offering, Bybit is well-positioned to meet evolving user needs and achieve success in crypto trading.”
Hashtag: #Bybit #TheCryptoArk

The issuer is solely responsible for the content of this announcement.

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, esports teams Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.

For media inquiries, please contact: For more information please visit: For updates, please follow:

USAID Okard Celebrates Success in Promoting Disability-Inclusive Development in Laos

Group photo during USAID Okard Final Closing Meeting from 11-13, October 2023. (Photo: Laotian Times)

On 11-13 October, Acting USAID Country Representative to Laos Kevin Smith and Deputy Director General of the Department of Policy for Devotees, Persons with Disability and Older Persons and Deputy Head of Secretariat to National Committee for Disabilities and Elderly, Ministry of Labour and Social Welfare Sengaloun Luangraj together celebrated the achievements of the USAID Okard.

Delighted Treasure Second-hand Furniture is Committed to Practicing the Concept of Environmental Protection and Reuse, Cares for and Supports Underprivileged Families

HONG KONG SAR – Media OutReach – 16 October 2023 – Delighted Treasure Group Company Limited (“Delighted Treasure” or “the Company”) has become a highly recognised second-hand furniture store in the Hong Kong market due to its commitment to environmental regeneration, furniture circulation and caring for underprivileged families. Delighted Treasure specialises in furniture recycling, refurbishment, cleaning, and resale of used furniture. The Company also offers brand-new and customised furniture to meet the diverse needs of consumers.

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Delighted Treasure Group Company Limited

“Environmental regeneration · Turning the used into treasures · Avoiding waste” is the core value of Delighted Treasure. The Company is dedicated to collecting and reusing high-quality furniture to reduce the consumption of natural resources and minimise the negative environmental impact of furniture disposal. This business model not only contributes to environmental protection but also provides affordable purchasing options for the public, benefiting both the environment and consumers. When recycling and reselling furniture, Delighted Treasure always takes the needs of low-income individuals and underprivileged families as the first consideration. The Company actively invests in seeking and collecting high-quality used furniture, conducts thorough inspections, cleaning, and necessary refurbishments upon arrival at the warehouse, and then resells or donates them to consumers in need at competitive prices or for free. This approach not only helps needy families obtain high-quality furniture but also eases their financial burden and improves their living quality.

Ms. Katy, the founder of Delighted Treasure, established this well-known second-hand furniture store out of a fortuitous opportunity, thanks to her helpful spirit and fearless character in facing challenges. Katy understands that many families cannot afford brand-new furniture due to economic pressures. Therefore, she decided to meet the actual needs of the public, combine them with market demand, and effectively search for high-quality second-hand furniture, insisting on providing them to consumers at reasonable costs. She believes every family has the right to enjoy a comfortable and pleasant home environment, and Delighted Treasure’s goal is to remove furniture purchasing as an obstacle to achieving this goal.

In addition to second-hand furniture, Delighted Treasure also offers completely new furniture and customised services to meet consumers’ diverse demand for personalised and unique furniture. Whether it’s outdoor furniture, office furniture, or school furniture, Delighted Treasure provides customised solutions to create a distinct furniture purchasing experience for consumers.

The idea of the Delighted Treasure Second-hand Furniture store has injected new energy into the Hong Kong furniture market with its focus on environmental regeneration. The Company achieves the goals of waste reduction and environmental protection through the collection and reuse of old furniture. At the same time, by providing high-quality, safe, affordable furniture options, the Company contributes to improving the life quality for low-income families. Katy, the person in charge of Delighted Treasure, stated, “Establishing ‘Delighted Treasure’ is about helping every family in need achieve their desired home environment, minimising the adverse effects of their financial situation, and providing more diverse, affordable, and reliable choices for everyone. We will keep working hard to find more high-quality furniture options for consumers, focusing on environmental protection, streamlining our processes, and optimising the service quality.”

Hashtag: #DelightedTreasureGroup

The issuer is solely responsible for the content of this announcement.

About Delighted Treasure Secondhand Furniture Store

Delighted Treasure Group Company Limited is a furniture store focusing on environmental regeneration and circulation. The Company specialises in the recycling, refurbishment, cleaning, and resale of second-hand furniture. It also offers brand-new furniture and customised furniture services. With a core value of protecting the environment and caring for underprivileged families, Delighted Treasure aims to reduce furniture waste, provide affordable purchasing options, and meet the diverse needs of consumers through personalised solutions.

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For more information, please visit the official website:

Phone: +852 54423000
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Facebook:
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Infineon doubles Co-Innovation Space to accommodate more startups

Welcomes Korea SMEs and Startups Agency as new ecosystem partner in Infineon global startup co-innovation program

SINGAPORE – Media OutReach – 16 October 2023 – At OktoberTech™ Asia Pacific last Friday, Infineon Technologies (FSE: IFX / OTCQX: IFNNY) opened its expanded Co-Innovation Space in Singapore to house more startups from Singapore and across the Asia Pacific region.

Startups at Infineon’s Co-Innovation Space pose with the Minister of State Low Yen Ling (middle) and Infineon Technologies Asia Pacific President and Managing Director CS Chua (behind her).
Startups at Infineon’s Co-Innovation Space pose with the Minister of State Low Yen Ling (middle) and Infineon Technologies Asia Pacific President and Managing Director CS Chua (behind her).

Infineon has also announced a collaboration with Korea SMEs and Startups Agency (KOSME) to drive Asia’s innovation ecosystem in solutions for decarbonization and digitalization. KOSME will introduce Korean startups with innovative solutions to Infineon for evaluation and assessment of their engineering needs. Selected startups will have the opportunity to be part of the Infineon global startup co-innovation program in Korea or become a resident partner at the Co-Innovation Space in Singapore should they be keen to develop and test their solutions in Singapore and Southeast Asia.

“We are facing a future dependent on game-changing solutions for green and efficient energy, smart and secure IoT, and clean and safe mobility,” said CS Chua, President and Managing Director, Infineon Technologies Asia Pacific. “Today’s announcement of a larger Co-Innovation Space and our partnership with KOSME reaffirms our commitment to shaping a sustainable future with our ecosystem.”

Launched in 2018, Infineon Co-Innovation Space is part of Infineon’s global startup co-innovation program to help startups with product development by providing semiconductor technology support, guidance, and mentorship. The Co-innovation Space in Singapore is the only site with a dedicated workspace for startups to undergo a 12-month program with Infineon. Startups under the program can tap on Infineon’s ecosystem, which includes customers and business partners, in countries where Infineon has a presence.

Infineon has made Singapore its Asia Pacific base for more than 50 years, investing S$700 million over the past decade. Singapore is the lead site for smart factory solutions development and the global test hub for automotive microcontroller units. It is also a key node for Infineon global distribution and one of the major microelectronics R&D centers in Asia.

Hashtag: #infineon #oktobertech #Co-innovation


The issuer is solely responsible for the content of this announcement.

About OktoberTech™

OktoberTech™ is Infineon’s global event format, aimed at demonstrating how future technology can drive decarbonization and digitalization. Hosted in areas with vibrant innovation ecosystems, OktoberTech™ brings together customers, startups, business leaders and experts.

About Infineon

Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 56,200 employees worldwide and generated revenue of about €14.2 billion in the 2022 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

Further information is available at .

HKSTP and J2 Semiconductor Sign MoU to Promote the Development of Microelectronics Industry in Hong Kong J2 Semiconductor Plans to Establish R&D Center and First SiC Wafer Fab in Hong Kong

R&D Centre at Hong Kong Science Park under the plan will conduct independent R&D and production of third-generation semiconductor chips

HONG KONG SAR – Media OutReach – 16 October 2023 – With support from the Innovation, Technology and Industry Bureau and the Office for Attracting Strategic Enterprises (OASES), the Hong Kong Science and Technology Parks Corporation (HKSTP) has signed a Memorandum of Understanding (MoU) with mainland China-based microelectronics enterprise J2 Semiconductor (Shanghai) Co. Ltd. (J2 Semiconductor), to set up a global research and development (R&D) Centre focusing on third-generation semiconductors at the Hong Kong Science Park, and to set up Hong Kong’s first Silicon Carbide (SiC) 8-inch advanced wafer fab.

With the witness of Professor Sun Dong, Secretary of Innovation, Technology and Industry Bureau (last row, middle), Mr Philip Yung, General Director of OASES (last row, first from left), Ms Lillian Cheong, Under Secretary for Innovation, Technology and Industry (last row, first from right), Dr Sunny Chai, Chairman of HKSTP (last row, second from left), Dr Robert Tsu, Chairman of J2 Semiconductor (last row, second from right), Mr Albert Wong, CEO of HKSTP (first row, left) and Mr TY Chu, Co-CEO of J2 Semiconductor (first row, right) signed the MoU.
With the witness of Professor Sun Dong, Secretary of Innovation, Technology and Industry Bureau (last row, middle), Mr Philip Yung, General Director of OASES (last row, first from left), Ms Lillian Cheong, Under Secretary for Innovation, Technology and Industry (last row, first from right), Dr Sunny Chai, Chairman of HKSTP (last row, second from left), Dr Robert Tsu, Chairman of J2 Semiconductor (last row, second from right), Mr Albert Wong, CEO of HKSTP (first row, left) and Mr TY Chu, Co-CEO of J2 Semiconductor (first row, right) signed the MoU.

This is a milestone moment in the government’s ambition to establish Hong Kong as a leading microelectronics hub in the region. This further promotes new industrialisation, a core for the Innovation, Technology and Industry Bureau which published its “Hong Kong Innovation and Technology Development Blueprint”, with a mission to develop strategically advanced manufacturing industries, such as microelectronics and semiconductors. As one of the world’s largest import and export markets for semiconductors, Hong Kong is at the heart of the Greater Bay Area which offers huge potential in becoming a key hub in the global semiconductor supply and value chain.

Professor Sun Dong, Secretary for Innovation, Technology and Industry, said “This collaboration between HKSTP and J2 Semiconductor to set up the Hong Kong’s first-ever large-scale semiconductor wafer fab, demonstrates the commitment of the HKSAR Government in taking the initiative to turn its ‘new industrialisation’ vision into action. J2 Semiconductor is proactively building up the capacity, quality and competitiveness of Hong Kong’s tech talent pool. The project will also drive the development of related industries, including semiconductor equipment manufacturers, material suppliers, testing service providers, to develop a complete ecosystem to reinforce Hong Kong’s position in the global semiconductor industry value chain.”

The collaboration between HKSTP and J2 Semiconductor is jointly supported by the Innovation, Technology and Industry Bureau and OASES with a view to sustain Hong Kong’s innovation and technology ecosystem and promote new industrialisation. The MoU was witnessed by Professor Sun Dong, Secretary of Innovation, Technology and Industry Bureau, Mr Philip Yung, Director-General of OASES, Ms Lillian Cheong, Under Secretary for Innovation, Technology and Industry, Dr Sunny Chai, Chairman of HKSTP and Dr Robert Tsu, Chairman of J2 Semiconductor. While Mr Albert Wong, CEO of HKSTP and Mr TY Chu, Co-CEO of J2 Semiconductor formally signed the MoU.

Dr Sunny Chai, Chairman of HKSTP said, “The plan of establishing J2 Semiconductor’s R&D Centre in the Science Park will promote Hong Kong’s R&D and advanced manufacturing capabilities of third-generation semiconductor devices. J2 Semiconductor brings the core technology and expertise to Hong Kong in advanced chip design, fabrication process and semiconductor product development, which is an important milestone in the development of microelectronics industry in Hong Kong. As one of Hong Kong’s flagship innovation and technology platforms, we provide high-quality infrastructure and facilities as well as a vast network of partners, which will continue to promote Hong Kong’s microelectronics R&D capabilities and strengthen Hong Kong’s position as an international I&T hub.”

Dr Robert Tsu, Chairman of J2 Semiconductor said, “I am very grateful for the level of attention and support from both the Innovation, Technology and Industry Bureau and HKSTP to this project. The MoU signing officially launches our third-generation semiconductor ‘SiC 8-inch advanced wafer fab’ project. J2 Semiconductor will invest an estimated HK$6.9 billion into the project, with plans to start volume production in the next couple of years, and reach annual production capacity of 240,000 SiC wafers in 2028, generating an annual production value of more than HK$11 billion and creating more than 700 job positions in Hong Kong. The project will assist in the early completion of the localisation of the new energy vehicle supply chain and drive the long-term development and prosperity of the semiconductor industry in Hong Kong.”

As a semiconductor chip design enterprise, J2 Semiconductor is committed to meeting the strong demand for domestically produced automotive chips from the China automotive industry. It mainly provides high-performance silicon carbide (SiC) devices with a focus on automotive, power conversion and communications. J2 Semiconductor’s superior SiC technology can be applied to relevant applications such as electric vehicles, as well as the related infrastructure such as charging stations, smart grids and energy storage.

HKSTP is committed to promoting Hong Kong’s new industrialisation mission and building a world-leading microelectronics ecosystem. HKSTP has established an extensive network of microelectronics hardware infrastructure, including Sensor Packaging and Integration Laboratory (Sensor Lab), Heterogenous Integration Lab (HI Lab) and the Hardware Lab, which can support the end-to-end process of design, prototyping and pilot production of chip-related equipment and systems as well as products. The Microelectronics Centre in Yuen Long Innovation Park is set to begin operation in 2024, supporting HKSTP’s infrastructure to accelerate microelectronics R&D pilot production, creating opportunities for upstream and downstream enterprises in the industry chain.

The microelectronics ecosystem of HKSTP is flourishing, with more than 200 microelectronics related companies. The establishment of the J2 Semiconductor facilities in Hong Kong will create greater level of synergy and knowledge exchange. Currently, five universities in Hong Kong are ranked among the top 100 universities in the world, with more than 100 university researchers engaged in microelectronics research, and promote the R&D of third-generation semiconductors. In this year’s Budget Speech, the HKSAR Government announced its plan to establish a Microelectronics Research and Development Institute to strengthen collaboration with universities, R&D centres and companies in the industry, and further accelerate the “1 to N” translation of R&D outcomes and bolster industry development.

Hashtag: #HKSTP

The issuer is solely responsible for the content of this announcement.

About Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP) has for over 20 years committed to building up Hong Kong as an international innovation and technology hub to propel success for local and global pioneers today and tomorrow. HKSTP has established a thriving I&T ecosystem that supported over 10 unicorns and Hong Kong’s leading R&D hub with over 13,000 research professionals and over 1,400 technology companies focused on healthtech, AI and robotics, fintech and smart city technologies.

Established in 2001, we attract and nurture talent, accelerate and commercialise innovation and technology for entrepreneurs on their journey of growth. Our growing innovation ecosystem is built around our key locations of Hong Kong Science Park in Shatin, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long. The three InnoParks are realising a vision of new industrialisation for Hong Kong. The goal is sectors like advanced manufacturing, electronics and biotechnology are being reimagined for a new generation of industry.

Through our infrastructure, services, expertise, and network of partnerships, HKSTP will help establish innovation and technology as a pillar of growth for Hong Kong, while reinforcing Hong Kong’s international I&T hub status as a launchpad for growth at the heart of the GBA innovation powerhouse.

More information about HKSTP is available at .

About J² Semiconductor (Shanghai) Co. Ltd.

J² Semiconductor (Shanghai) Co., Ltd (“J2 Semiconductor”) is a chip design company focusing on semiconductors for automotive and industrial applications. The company headquarters is currently located in Shanghai.

To meet the strong demand of worldwide automotive industry, especially in China, J² Semiconductor provides high-performance SiC devices, automotive signal chain ICs, and devices for the power conversion sectors. The company is actively expanding its product portfolio of automotive power devices, automotive signal chain chips, and automotive analog devices. The company also customizes products according to the customer needs, including high side drive (HSD), low side drive (LSD), half bridge drive (HBD), and DCDC synchronous buck converter.

J² Semiconductor has very solid management and technical teams with international and local background and experience, which enable seamless cooperation with customers in the automotive industry chain at home and abroad to deliver high-quality solutions. The company core team is well versed in circuit and device design, process development, high volume production, with strong understanding and know-how of automotive product requirement and qualification. With company principles of “Integrity, Innovation, and People-oriented”, J² Semiconductor is committed to strive to become a world-class leader in the producer of third-generation semiconductor silicon carbide devices (IDM model).

J² Semiconductor has already secured funding and support agreement from a few top-tier investment organizations, renowned automotive and parts manufacturers.

More information about J² Semiconductor is available at .