Nanming finalizes 22 investment deals in Q3 of 2023

A signing ceremony for 10 industrial projects is held in Nanming on Sept 27. [Photo/WeChat Account of Nanming Release]

Nanming district signed 10 investment contracts on Sept 27, amounting to 2.25 billion yuan ($308.22 million) in the industrial sector.

Once in full production, an annual industrial output value of over 3.5 billion yuan can be realized. Within five years, the industrial output value is expected to exceed 10 billion yuan.

The newly signed projects encompass industries such as electronic information manufacturing and bio-economics.

They feature high technology content, promising developments, and strong driving forces.

One of the projects is an intelligent IoT display device production project invested in by Beijing Mysher Technology Co, a specialized and innovative industry leader. The project will feature an intelligent IoT display device production base with an annual production of approximately 100,000 display devices.

Likewise, the third-generation semiconductor radio frequency chip industry project invested in by TYXIN Semiconductor (Nanjing) Co will feature a microwave radio frequency device packaging and micro-assembly production base. The estimated industrial output value over five years is around 1.7 billion yuan.

Furthermore, a 5G communication chip manufacturing and R&D project aims to erect a production base for a next-generation 5G and IoT chip-affiliated communications station as well as an IoT communications product module.

These newly confirmed projects brought the number of confirmed industrial projects in Nanming during the third quarter to 22, with an investment worth 5.74 billion yuan in total.