By Gabby Chen

(JW Insights) Mar 20 -- Guotai Junan Technology(国泰军安), a Chinese electronic components startup, signed up to settle its production base for microwave module and millimeter-wave microsystem in China-Europe Industrial Innovation Zone in Wuxi of eastern China's Jiangsu Province, the Wuxi High-Tech District announced on March 18.

With an investment of RMB1 billion ($150 million), the new project will supply devices for various fields including 5G base stations, commercial satellite link systems, and radar for self-driving vehicles.

Founded in 2021, Guotai Junan Technology focuses on the sales and manufacturing of RF connectors and microwave modules. The company's head office is in Zhuhai, southern China's Guangdong Province, according to Qichacha, a provider of Chinese corporation data and due diligence platform.