Chinese automotive chip manufacturers plan to invest billions in Hong Kong amid city’s push to reindustrialise
- Drawing advanced manufacturing to Hong Kong remains a top government priority, according to the city’s innovation chief Sun Dong
- Hong Kong offers an array of advantages for urban manufacturing, panellists say at the Advanced Manufacturing Forum co-hosted by InvestHK and SCMP
Hong Kong’s push to boost local advanced manufacturing is gaining traction, with semiconductor companies pledging billions of dollars of investments in research, development and production in the city, according to government officials, as the Asian financial centre endeavours to diversify its economy.
Drawing advanced manufacturing to Hong Kong is a top priority for the government, according to Sun Dong, Secretary for Innovation, Technology and Industry, speaking at the Advanced Manufacturing Forum organised by InvestHK, the city’s investment promotion agency, and the South China Morning Post on Tuesday.
Advanced manufacturing describes the use of innovative technologies such as robotics, artificial intelligence, the Internet of Things and 3D printing to improve production efficiency. It is seen by some as the essential to develop and build hi-tech products, such as semiconductors and electric vehicles.
“Over the past year, we have been working closely with [Hong Kong’s] Office for Attracting Strategic Enterprises in attracting strategic investments from top-notch mainland and overseas R&D companies, including in semiconductors and new energy vehicles, to set up or expand businesses in Hong Kong,” Sun said.
“They will soon see the advantages brought by the clustering of these enterprises with [the city’s] advanced manufacturing industry, as well as its overall IT development,” he added.
