The Wuhan Investment Promotion Conference, held on June 26, brought together around 200 representatives from Fortune Global 500 companies, large multinational corporations, tech innovators, and business associations to discuss collaboration and development opportunities.

The Wuhan Investment Promotion Conference is held. [Photo/WeChat account of Optics Valley of China] 

A total of 148 projects were signed, amounting to approximately 100 billion yuan ($13.96 billion). Among these, Wuhan East Lake High-tech Development Zone (Optics Valley of China, or OVC) sealed deals for 10 major projects, including the KeMa Tek's semiconductor core component R&D and production base, Waytous' national headquarters, and Aiwin Tech's high-voltage core component R&D and production base for vehicles. These projects span biopharmaceuticals, semiconductors, autonomous driving, artificial intelligence, and new energy vehicles, with a total investment of 16.74 billion yuan.

These newly signed projects will inject fresh momentum into OVC's industrial development. For instance, KeMa Tek will focus on developing and manufacturing advanced ceramic, functional, and structural integrated module products in OVC to address critical supply issues in the semiconductor field. Aiwin Tech plans to establish intelligent factories, R&D facilities, and office buildings in OVC to research and produce drive control and energy conversion products for new energy vehicles.

Sean Deason, global senior vice-president of Garrett, expressed that since the company initiated its first-phase investment in OVC 12 years ago, the Wuhan factory has become one of its fastest-growing production bases globally, with an average annual production increase of over 30 percent in the past decade. The company looks forward to continuing its collaboration with OVC and contributing to local development.