A CENTRE for designing integrated circuits jointly built by China and South Korea has been inaugurated in the high-tech zone of Shenzhen in south Chinas Guangdong Province.
SinoKorea Soc Co Ltd, with Keti, a major state scientific research organisation of South Korea holding a controlling stake, is the first business operating at the centre.
Through the centre, Shenzhen would make progress in developing an information technology industry in co-operation with partners from South Korea, said Shenzhen deputy mayor Liu Yingli at a ceremony to mark the inauguration of the centre.
SinoKorea Soc Co Ltd, for instance, will design and develop many new circuit products. The joint venture will improve Shenzhens investment environment, said Liu.
About 70 integrated circuit companies, which accounted for half of the national total, are in Shenzhen. People's Daily