By Greg Gao

A new Integrated Circuit Innovation Center located in Suzhou, a major semiconductor hub in eastern China's Jiangsu Province, will start construction soon, with an investment of RMB2.028 billion($283.5 million), JW Insights learned recently.

The center intends to attract enterprises in integrated circuit design, R&D, investment, incubation, and related service, including chip R&D, software design, semiconductor material and equipment, and electronic information firms. It intends to introduce top-tier enterprises in the semiconductor industry, such as central government-owned companies, listed companies, the world’s top 500, China’s top 500 private enterprises, China’s top 100 electronic information companies, unicorns, high-growth startups, the specialized and sophisticated “Little Giant” enterprise, and other high-quality projects with independent core technologies. The new industry park in Suzhou plans to be these companies’ headquarters and R&D center.

Suzhou Integrated Circuit Innovation Center’s total construction area is 211,700 square meters, with the commercial facilities area reaching 2,097 square meters. It includes two tower buildings, five office buildings, and one mini park. The project is intended to further enhance the development level of the integrated circuit industry in the area.