pay attention to the 18th mayor's economic advisory group meeting | two "new friends" were added, what are their backgrounds?
2024-09-20
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the 18th chongqing mayor international economic advisory group meeting will be held on september 26-27. this time, two new advisory companies have been added to the mayor's advisory group: stmicroelectronics and cheung kong holdings. what are their respective backgrounds?
stmicroelectronics
▲chip products displayed by stmicroelectronics. image source: xinhua news agency
stmicroelectronics is one of the world's largest semiconductor companies and the world's fifth largest semiconductor component manufacturer, with one of the most comprehensive production lines in the industry. currently, stmicroelectronics has been deeply rooted in china for nearly 40 years, with 16 offices and 5,400 employees in mainland china, as well as a back-end manufacturing plant in shenzhen.
stmicroelectronics and chongqing became connected in june 2023, when stmicroelectronics officially announced that it would establish a joint venture manufacturing plant in chongqing with sanan optoelectronics to carry out large-scale mass production of 8-inch sic devices.
the total construction cost of the joint venture is estimated to be approximately us$3.2 billion, covering an area of 462 acres and a total construction area of 265,000 square meters. it will be built in one phase and put into production in stages. the planned annual production capacity is 480,000 8-inch automotive-grade sic mosfet power chips, which will be mainly used in new energy vehicle main drive inverters, charging piles and on-board chargers.
the project is scheduled to start trial production at the end of 2024, achieve mass production in mid-2025, and be fully completed in 2028. when the factory is at full capacity, it is expected to produce 10,000 8-inch silicon carbide wafers per week.
in addition to the implementation of the project, stmicroelectronics is also committed to cultivating integrated circuit talents for chongqing. in april this year, stmicroelectronics and trinatronics technology (chongqing) co., ltd. jointly unveiled an open laboratory at chongqing software college. this open laboratory is stmicroelectronics' first talent training base in the gnss (global navigation satellite system) field in china.
a relevant person in charge of stmicroelectronics said that chongqing, as the economic center of the western region, not only has a unique geographical location, but also gathers many high-tech enterprises and innovative talents, which is why the company chose to set up a joint open laboratory here. in the future, it is hoped that this laboratory will become a bridge connecting multiple fields and industries, promote the widespread application of advanced technologies, serve the sustainable development of the entire industry, and provide solid support for the integration of industry and education.
cheung kong
▲metropolitan oriental plaza. image source: china national radio (photo provided by yuzhong district culture and tourism commission)
as a well-known multinational company in hong kong, cheung kong group's businesses include infrastructure and utility assets, including energy, water treatment, railway vehicle leasing, etc. it also engages in logistics, telecommunications, biomedicine, retail and other businesses.
chongqing is a city where cheung kong holdings invested early in the southwest region, in areas including commerce, real estate, logistics, etc. among them, the first comprehensive large-scale shopping mall in chongqing, metropolitan plaza, was jointly invested and approved by hong kong hutchison whampoa property co., ltd. and cheung kong holdings (group) co., ltd. in 1993.
since 2021, metropolitan oriental plaza has launched the "butterfly project", investing over 100 million yuan to carry out an overall renovation of the shopping mall. it plans to introduce a number of international mid-to-high-end brands to reshape chongqing's commercial landmark that leads in high-end brands, integrates international fashion, and interprets the characteristics of a mountain city.
the "watsons" that citizens often see in the business district also originated from cheung kong industries. it is understood that chongqing watsons personal products store co., ltd. was established in june 2010. at present, watsons in chongqing has opened 109 stores and plans to open 6 new stores in 2024.
cheung kong industries has also contributed to the construction of chongqing's grand channel. for example, in august last year, the "chongqing-shenzhen premium express train" participated by the group's yantian international container terminal co., ltd. arrived at shenzhen yantian port area from the first departure of the tuanjie village station in shapingba, chongqing. the launch of this train has established a new economic and trade link between the chengdu-chongqing economic circle and the guangdong-hong kong-macao greater bay area. at present, the train has transported more than 2,000 standard containers with a cargo value of about 300 million yuan. its main products are auto parts, motorcycle parts, liquid crystal display devices, daily necessities, etc.
real estate is the main business of cheung kong group, and naturally it has a presence in chongqing. it is understood that hutchison real estate, a subsidiary of the group, has developed and constructed five real estate projects in chongqing, including beverly hills, coral waterfront, royal peak, yicui manor, and yuehu garden, with a total investment of rmb 21.7 billion and a completed area of over 2.13 million square meters. in 2023, the total assets in chongqing will exceed rmb 12.8 billion.
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the 18th chongqing mayor's international economic advisory group meeting will be held on the 26th and 27th of this month
