Alchip has taken a big step again in global business expansion
Taipei, Taiwan, June 21, 2018
Alchip Technologies Ltd. (TWSE: 3661), a leading fabless ASIC company, announces the opening of Guangzhou office today. To optimize the performance and continuously create value for customers in China, Alchip has decided to expand its business to Pearl River Delta.
China’s semiconductor industry is growing with a rapid pace. According to the recent report published by TrendForce, China’s semiconductor industry is expected to have 20% growth rate in 2018, higher than global semiconductor industry. Following by the effect of agglomeration economies, China’s government is aggressively building new technology centers. Guangzhou is one of the most important central cities in China–also known as the Eastern Silicon Valley. It holds huge population and has great potential business opportunities, China see it as one of the critical expandable technology centers. The mature development of Pearl River Delta is China’s great achievement in trying to create the most prosperous and integrated coastal area. With its rich resources and availability of talent, it is undoubtedly the best place for technology companies to lay foundations.
“Guangzhou is one of the major transit hubs in China, and has long been hailed the home of semiconductor companies.” said Johnny Shen, CEO of Alchip Technologies, Ltd. “We hope Alchip Guangzhou office could provide China customers more efficient service and build closer relationship with our customers. Moreover, we are looking forward to working with local support to facilitate faster expansion of integrated circuit industry.”