People walk past a miniature model of an ecological park at a showroom in Zhangjiagang, Jiangsu Province, China, Aug. 5, 2015. (Photo : Reuters)
Tus-Holdings, an affiliate of China’s semiconductor giant Tsinghua Holdings Co., has partnered with the city government of Fuzhou in southeast China’s Fujian Province to build a science park worth 17 billion yuan ($2.7 billion), the Want China Times newspaper reported on Tuesday.
The park, named Tus Park, will occupy an area of 2.7 million square meters and serve as an "incubation of high-tech development as well as talent training," the report said.
A ground-breaking ceremony was held in late September, which was attended by senior executives including Tsinghua Holdings Chair Xu Jinhong, Tus-Holdings Chair Mei Meng and Fuzhou's Communist Party Secretary Li Zhiqiang.
The state-owned Tsinghua Holdings was founded by Tsinghua University in Beijing and currently owns hundreds of subsidiaries, including a 51-percent stake in Tsinghua Unigroup and 5 percent in Tus Holdings.
The project follows Tus-Holding's signing of a memorandum of understanding with Pakistan's National University of Sciences and Technology (NUST) in July, which will see the establishment of a National Science and Technology Park in the country's capital of Islamabad.
The agreement shall enable Tus-Holdings to transfer its experience of consolidated innovation space formation to the creation of the park, according to a report from the Lahore-based Daily Times news portal.
Tsinghua Holdings has also begun to establish contacts with the tech industry in Taiwan through various events. According to Wang Jiwu, president of Tus-Holdings, the company has shown interest in the Industrial Technology Research Institute (ITRI) and companies in the Hsinchu Science Park in northern Taiwan.
Charles Kau, president of Nanya Technology, an affiliate of the Taiwanese conglomerate Formosa Plastic Group, is reported set to join Tsinghua Unigroup after announcing his resignation from Nanya on Oct. 5.
