Taizhou Yourun Electronic Technology Co Ltd, located in the Taizhou Port Economic Development Zone in Taizhou city, Jiangsu province, was included in the new list of national "little giant" companies, which was released by the Industry and Information Technology Department of Jiangsu on July 14.
"Little giant" companies are small and medium-sized enterprises that are specialized, refined, distinctive and innovative. They also have to have been engaged in segmented fields for a long time and possess key core technologies for production.
Once awarded the title of "little giant", companies can receive priority support from special national, provincial and municipal funds for their development in areas such as technological transformation, project construction and personnel recruitment.
High-tech equipment of Taizhou Yourun Electronic Technology Co Ltd. [Photo/WeChat account: gh_1ff53eb21f0a]
Founded in 2009, Taizhou Yourun Electronic Technology Co Ltd specializes in the production of integrated circuits and discrete device lead frames for semiconductors.
The company has multiple renowned management system certifications, as well as seven invention patents and 23 utility model patents.
In recent years, the company has paid more attention to innovation and research, growing their product market share quickly. Last year, it achieved total revenue of 420 million yuan ($58.63 million) and is expected to reach revenue of 500 million yuan this year.
To promote the development of SMEs, the zone has assigned special leaders to key projects. It has also focused on understanding the basic situations of companies, aiming to help them make breakthroughs in technology innovation, industrial development and talent construction.