Haimen achieved a major milestone by signing a strategic investment agreement with Jiangsu Desioptoe Co on June 26 for an R&D and production project focused on advanced optical crystal materials.

The project involves an investment of 10 billion yuan ($1.4 billion) to build 50,000 square meters of specialized production facilities with multiple advanced fluoride crystal manufacturing lines. It will also set up a research institute dedicated to China's large-size fluoride crystal.

The venture began in December 2020 when Shanghai Dehui Group collaborated with researchers from the Shanghai Institute of Ceramics of the Chinese Academy of Sciences to establish Shanghai Desioptoe Co. In April 2023, it launched its wholly-owned subsidiary, Jiangsu Desioptoe Co, in Haimen, which started operations in September 2023.

Recently, Haimen's emphasis on building specialized industrial infrastructure has fostered an optimal environment for high-tech growth. By establishing targeted industrial parks, implementing dedicated funding strategies, and enhancing partnerships with top academic institutions and industry leaders, the district has created a supportive setting for the advancement of the integrated circuit industry.

Haimen signs a strategic investment agreement with Jiangsu Desioptoe Co on June 26. [Photo/WeChat account: haimenfabu]