Nanning held a launch ceremony for its major projects on Feb 27, featuring 97 major projects, with a total investment of 77.27 billion yuan ($12.24 billion).

One of these projects, the Nanning Tektronix Semiconductor Memory Industry R&D and Manufacturing Base, officially started construction on the day. The project is located in Wuxiang New District. It will be built in three phases, with phase I having a total investment of about 380 million yuan. After it is completed in June, it will have an expected output value of 6 billion yuan from 2022 to 2024. Phase II is expected to be completed in 2025, while Phase III is expected to be completed by 2028 and has a projected annual output value of 10 billion yuan.

The base is expected to attract a group of R&D talents with international educational backgrounds, as well as experience in software, hardware, and algorithm development to propel its development. 

Nanning holds a launch ceremony for its major projects on Feb 27. [Photo/WeChat account: gh_df8bc987e060]