An industrial park in Qidong Economic Development Zone. [Photo/WeChat account: qidongfabu]

After receiving the business license for the Qimingxin Semiconductor project on May 23, project leader Jiang Borong expressed his satisfaction, "It only took three days. Investing in Qidong was definitely the right choice."

The project is a joint venture formed by Luo Jiaren, chief engineer at the Guangxi Academy of Sciences' New Energy Research Center, Li Yanting, a top expert in third-generation semiconductor power device design, and Xia Yong, chairman of Zhejiang Jingguang Technology. With its strong and diverse team, the project has been highly sought after by various regions.

The investment team first visited Qidong on April 20. After establishing a communication mechanism with the investors, the local investment promotion team re-evaluated the site based on production requirements and product characteristics. They sent videos, formed a dedicated liaison team, and crafted a tailored investment proposal highlighting its advantages, including access to utilities, logistics, labor, and sales channels.

During the second visit on May 9, the investors praised Qidong Economic Development Zone's commitment to specialized services. Jiang noted that while Qidong might not be the most advantageous in terms of infrastructure, its "soft power" — namely, its supportive environment and responsive service — made it the most reassuring place for investors.

By the time the project was signed on May 20, the development zone had begun registering the company, demonstrating its trust in the enterprise. Renovations are underway and are expected to be completed by September.

Motivated by the zone's supportive and efficient service, Qimingxin Semiconductor has decided to invest an additional 800 million yuan ($111.32 million) for Phase II, aiming to build a state-of-the-art, full-range production base.