TCL CSOT, an OVC-based firm, issues its latest plan on Sept 26. [Photo/WeChat account of Optics Valley of China]

The Creative Life China Star Optoelectronics Technology Co (TCL CSOT) issued its latest plan on Sept 26 in the East Lake High-tech Development Zone (also known as Optics Valley of China, or OVC), indicating its multi-industrial layout for the future – in addition to medium- and small-sized display panels, the firm will deploy production lines of display panels for automobiles, laptops, tablet computers, and virtual reality devices.

Chime Biologics, another OVC-based firm, launched its Contract Development and Manufacturing Organization (CDMO) extended project in Biolake on Aug 4, with a total investment of 6 billion yuan ($900 million) over five years. The project is estimated to begin operating in the third quarter of 2022. As the world's first modularized biomedicine manufacturer, the company's bulk and formulation products will be transported and sold in more than 20 countries all over the globe.

Also in August, Silicon Integrated Co, a high-tech startup company based in Wuhan Future City and focusing on high-performance mixed-signal IC design based in Wuhan Future City, has announced its completion of the Series C round of funding.

As the innovative core of the East Lake Science City, Wuhan Future City has collected a large number of chip research, design, and manufacturing enterprises. The number of employees in the city's IC industry has exceeded 20,000.

The development of the two 1-trillion-yuan industrial clusters – "optics, IC, displays, terminals, and internet" and biomedicine, to a large degree depends on the business environment of the valley. East Science City has rolled out major talent recruitment plans to introduce a number of globally influential strategic technological talents and innovation teams. The city also hopes to help leading enterprises establish overseas research centers and laboratories.