The Jiufeng Mountain Laboratory in OVC, Wuhan, Central China's Hubei province. [Photo/WeChat account of Optics Valley of China]

In 2023, the East Lake High-tech Development Zone (also known as Optics Valley of China, or OVC) launched a three-year global industrial partner action plan to drive the IC and third-generation compound semiconductor industry to achieve a historic leap, and promote the integrated development of smart cars, smart homes, and other terminal devices.

In 2024, OVC will focus on leading industries such as optoelectronic information and life health, accelerating the gathering of chip packaging testing and terminal applications, and deepening the compound semiconductor industry. It will anchor in cutting-edge fields such as antibody drugs, cell therapy, high-end medical equipment, and high-value consumables, and expedite the introduction of a batch of high-quality projects in the segmented fields of life and health.

By collaborating with leading enterprises, importance will be attached to crucial aspects like design tools, equipment manufacturing, storage modules.

With a global perspective, OVC will proactively lay out future industries such as silicon photonics, low-altitude economy, metaverse, artificial intelligence, and neuroscience, and attract upstream and downstream enterprises in areas such as large-scale modeling, big data, and cloud computing.

It will heighten the role of State-owned asset platforms in capital attraction, jointly establishing an industrial fund group with leading industrial enterprises and top investment institutions.

In 2024, the valley plans to coordinate investment promotion activities in Germany, the United States, Europe, Japan, South Korea, and Singapore, while strengthening communication and contact with foreign consulates in Wuhan, major foreign banks, and foreign chambers of commerce.