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Foxconn Nanjing R&D Center Is Settled in Software Valley

Foxconn Nanjing R&D center with a total investment of 4.58 billion yuan, was formally settled in China (Nanjing) software valley on May 21st. Relied on the advantage of highly concentrated software industry in Nanjing, the center is to research and develop high-tech products such as smart phones.

Foxconn, the world's largest manufacturing service provider of electronic technology, is a high-tech enterprise invested and set up by Taiwan Hon Hai Group in mainland China. It is one of the world's top 500 companies. The group is specialized in the research&development and manufacturing of 3C products which are computer, communication and consumer electronics, and is widely involved in the field of automobile components, access, cloud computing services as well as the development and application of new energy and new materials. The group owns more than one million employees. In September 2017, Nanjing municipal government signed a strategic cooperation agreement with Foxconn that taking Nanjing as the national key city to lay out, Foxconn is to strive to develop the emerging industries including information technology, intelligent terminal and high-end equipment manufacturing.

On May 22nd, for further promoting the settling of Foxconn Nanjing R&D center in China (Nanjing)software valley, the two sides reached a formal cooperation agreement and held a signing ceremony. It is reported that the center is mainly engaged in research&development and design of intelligent terminal and wearable intelligent product components as well as the whole machine. The project covers a total investment of about 4.58 billion yuan and a land area of about 37,667 square meters, and the project is planned to be settled in the area near Tianlongsi. Currently, there are about 450 employees in the center and they have entered the north park of the software valley for temporary.

It is reported that Yuhuatai district where China (Nanjing) software valley locates is the second batch of "public entrepreneurship and innovation demonstration base", and also the only one demonstration base featured with software and information service industry. It has gathered more than 2,100 software enterprises and more than 229,000 software employees. All of these industrial agglomeration advantages are important conditions to attract Foxconn to be settled here. Zheng Naijian, senior vice-general manager of Hon Hai Group hoped to better develop the high-tech products such as smart phones by virtue of high-quality talent resources of Nanjing.

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