Alchip Technologies Entering HeFei State High-Tech Industry Development Zone

Alchip has taken a big step again in global business expansion

Taipei, Taiwan, October 24, 2016

To further expand the engineering resource and business development, Alchip Technologies, Ltd. (TWSE: 3661), a world leading fabless ASIC company, today announced that it has set up a subsidiary in Hefei, China. Alchip and Hefei government jointly held a signing ceremony of High end design service project on 22, October, 2016. The signing event was witnessed by Cunning Wu – Hefei municipal government leader, Wenwu Ding – President of China IC Industry Investment Fund, Yun Ling – Mayor of Hefei City and Kinying Kwan – Chairman of Alchip and Johnny Shen- President and CEO of Alchip.

Jie Wang – Representative of Hefei Hi-Tech Industry Development Zone and Jacky Ni – COO of Alchip signed the partnership agreement on behalf of both parties. There were many VIP guests attending this event including Yoshikazu Kurose – VP of Sony Semiconductor Solutions, Qun Ge – Synopsys China GM and professors from Shandong University, Anhui University, Hefei University of Technology.

The “Silicon City” of HeFei State Hi-Tech Industry Development Zone will be positioned as a Functional Platform for IC industry Development. In August, Alchip was invited to visit Hi-Tech Industry Development Zone and had an intensive communication with related leaders. It was the beginning of the cooperation and after two months of discussions, a substantial progress was achieved, based on the common willingness in high end IC design professional training and industry development. The new Alchip subsidiary company and Hefei City Government will work closely to provide the cooperation mechanism in high-tech industry, to develop the senior professional talents, provide the global first-tier design service, strengthen the synergy of Industry-University-Research cooperation, and promote the IC industry development in HeFei High-Tech Industry Development Zone.

Kinying Kwan, Chairman of Alchip said, Hefei has excellent IC industry foundation and abundance of talent pool, this cooperation is a new step for Alchip. The new Alchip subsidiary company will continue to provide global first-tier design and manufacturing services and work closely with Hefei government to provide the cooperation mechanism in high-tech industry. said Kinying Kwan, Chairman of Alchip Technologies.

“Alchip has excellent design capability in 10nm and 7nm and has achieved leadership position in China’s ASIC market. With Alchip global first-tier design service and Hefei’s complete support of IC industry infrastructure, the new Alchip subsidiary company will make a positive contribution to Hefei IC industry development.” said Wenwu Ding, President of China IC Industry Investment Fund.

“We attach great importance to this cooperation with the Hefei municipal government. Hefei has great market opportunity and personnel training environment in the integrated circuit industry. Combined with Alchip high-end design technology, it will become a model of local cooperation with enterprises! ” said Johnny Shen, President & CEO of Alchip. Johnny Shen also hopes to develop a comprehensive strategic partnership with many excellent universities in Hefei and Hefei government with their advantages of talents, technology, resources and environment. The company will make great efforts in the ASIC industry and actively promote the city of Hefei to be China’s IC city.