Jiangsu Industrial Technology Research Institute sign to build an integrated circuit (IC) design institute in Wuxi National Hi-tech District on June 21. [Photo/wnd.gov.cn]

On June 21, Jiangsu Industrial Technology Research Institute signed an agreement to build an integrated circuit (IC) design institute in Wuxi National Hi-tech District.

The institute will be engaged in research into intelligent IC design technology, including internet of things IC chips, intelligent data processing chips, intelligent radar sensing chips and intelligent processors and artificial intelligence chips.

Fan Xiaohua from the Microelectronics Institute of the Chinese Academy of Sciences will take the lead in running the new institute.

Wuxi in East China's Jiangsu province has been developing its IC industry for years and witnessed investment from Huahong and SK Hynix.

Last year, its total output value in terms of its IC industry ranked second in the country following Shanghai. It is expected to reach 200 billion yuan ($29 billion) in the next five years.

Wuxi Mayor Huang Qin (left) attends the signing ceremony and expresses his gratitude and best wishes to the institute. [Photo/wnd.gov.cn]

Wuxi Mayor Huang Qin attended the signing ceremony and expressed his gratitude and best wishes to the institute.

Huang said the construction of the IC design institute is expected to compensate for Wuxi's shortcomings in the IC industry and guide its development. The government will fully support the construction and development of the institute, which will also create a new model of cooperation between the government, schools and research institutes.

Hu Yidong, Party Secretary of Jiangsu Industrial Technology Research Institute, said that as Wuxi stands in the center of the manufacturing industry in Jiangsu province, they hope that the institute will promote the development of China's IC industry.