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Our company and the world-renowned chip developer "Wang Hong" officially signed a joint venture in Silicon Valley, USA.

Under the support of the Provincial Information Industry Department and the Development Zone Management Committee, our company and Taiwan Wanghong Company have contacted on IC design cooperation. On September 3, 2006, our company has visited the United States with the Hubei Economic and Trade Investment Promotion Group. And signed a cooperation agreement with Wanghong on September 5, 2006, and invited Governor Luo Qingquan and Director Tang Liangzhi to attend the signing ceremony and established Wuhan Haohong Microelectronics Co., Ltd.

Yuhong Company takes the construction of Wuhan Xinxin Integrated Circuit Manufacturing Co., Ltd. 12吋 production line (Wuhan SMIC) as an opportunity to adhere to the combination of independent innovation and imported technology, give full play to the advantages of both shareholders, and create a national first-class IC design company. The overall development of the integrated circuit industry chain in Hubei Province has achieved breakthrough development.

Not long ago, the Standing Committee of the Provincial Party Committee and the Secretary of the Municipal Party Committee, Miao Wei, held a 12th meeting of the Leading Group of the Wuhan National Optoelectronic Information Industry Base to demand a focus on “four advances”: to promote the improvement of industrial layout, to grasp the global industrial development trend, and to focus on the industry. Promote the improvement of the industrial chain; promote the construction of key projects, and solidly promote the construction of key projects such as SMIC's international chip and next-generation mobile communications represented by 3G; promote the development of enterprises, strengthen leading enterprises, and actively support small and medium-sized enterprises Rapid development, focus on the cultivation of entrepreneurs; promote environmental construction, optimize the environment for innovation and entrepreneurship, further improve the investment and financing environment, and continuously improve the service environment.

We believe that the cooperation between our company and Wanghong is in full compliance with the spirit of Miao Shuji's speech, which not only benefits the development and growth of the enterprise, but also helps the city's integrated circuit industry chain become bigger and stronger.

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