The Marketing Minute: Staying Positive When the Market Isn’t
Marcy’s Musings: Continuing to Invent the Future With SEL
It’s Only Common Sense: Why Failure Is an Opportunity for Growth
Borqs Technologies Signs Strategic MOU for 5G Industrial Park Project in China
November 24, 2020 | Globe NewswireEstimated reading time: Less than a minute
Borqs Technologies, Inc., a global provider of embedded software and products for the Internet of Things (IoT), reported that the Company has signed an MOU with the Board Committee of Huzhou South Taihu New Area for a 5G Industrial Park Project.
The company intends to setup a Joint Venture in South Taihu New Area in the near term which will serve as Borqs’ China headquarters for 5G activities, including sales, R&D center, and manufacturing.
This project will be implemented in two phases. First, a 5G R&D center and up to 10 micro-electronics manufacturing lines will be established. The Joint Venture will be provided rent-free facilities of 5,500 square meters for two and a half years. In the second phase, the local government authority will construct a Borqs 5G Industrial Park and the Joint Venture will be granted 13,000 square meters of land for commercial and residential use.
The Company’s operations within the area will also enjoy government supported manufacturing supply chain financial assistance, favorable equipment leasing programs, a series of local grants and local tax incentives.
The Company expects to sign the definitive agreement of cooperation in the very near future.
Share on:
Testimonial
"Our marketing partnership with I-Connect007 is already delivering. Just a day after our press release went live, we received a direct inquiry about our updated products!"
Rachael Temple - AlltematedSuggested Items
Missile Strike on Ukraine Hits Flex Facility
08/22/2025 | FlexOn the morning of August 21, 2025, our facility in Mukachevo, Ukraine, was damaged during a missile strike. Our emergency protocols were executed to ensure the full evacuation of the site.
Nordson EFD Completes Eighth Job Shadowing Program with Polaris MEP
08/22/2025 | BUSINESS WIRENordson EFD, a Nordson company, announced it has completed its eighth year of support for the "Fast Track to Advanced Manufacturing" job shadowing program.
VVDN Expands Manufacturing Footprint into the UAE to Meet Global Demand
08/20/2025 | PRNewswireVVDN Technologies, a global provider of software, product engineering and electronics manufacturing services & solutions, today announced it is setting up a new manufacturing facility in the UAE as part of its global expansion strategy.
Haylo Labs Acquires Plessey Semiconductors
08/20/2025 | Haylo LabsHaylo Labs has acquired Plessey Semiconductors, the UK’s leading innovator in microLED display technology.
Kimball Electronics Veterans ERG Members Proudly Participate in the 5th Annual Honor and Remember Run
08/20/2025 | Kimball ElectronicsVeterans and Military Service Advocacy (VMSA) Employee Resource Group (ERG) members Michael Mosher (Database Administration Engineer), Michael Stone (Test Technician Team Lead), and Joshua Belcher (Application Development Manager) took part in the 5th Annual Honor & Remember Run, a meaningful event dedicated to honoring fallen service members. The race featured a powerful memorial wall constructed from dog tags.