New breakthrough in RFID industry track, more than 1 billion investment settled in Hangzhou

Author: RFID World Network Source: RFID World Network

Abstract: Recently, Tonglu Economic Development Zone, Hangzhou City, Zhejiang Province officially signed an investment agreement with Chenchen Technology Co., Ltd. on the R&D and production of radio frequency modules for wireless communications.

Recently, Tonglu Economic Development Zone, Hangzhou City, Zhejiang Province officially signed an investment agreement on the R&D and production project of radio frequency module for wireless communication with Chenchen Technology Co., Ltd.

It is reported that the wireless communication RF module R&D and production project signed this time was invested and constructed by Chenchen Technology Co., Ltd. with a total investment of more than 1 billion yuan. At the same time, it is also the first chip industry project with more than 1 billion yuan attracted by the visual intelligence industry track. This investment will inject strong momentum into the high-quality development of the semiconductor manufacturing sector of Tonglu Economic Development Zone, and bring about a huge "grape string" effect for the attraction of the later industrial chain.

The project plans to lease a 10000 square meter workshop in the third phase of the Electronic Equipment Industrial Park in Tonglu Economic Development Zone. After signing the contract, its headquarters (the subject to be listed) will move to Tonglu Economic Development Zone as a whole, be responsible for the investment, construction and operation of the project, and establish a research and development center and production base. It is estimated that after reaching the capacity, it can achieve an annual output of 600 million system module chips.

So what is the origin of this company called "Chen Chen"?

According to the information provided by the enterprise investigation, Chenchen Technology Co., Ltd. was established on October 17, 2019, and its business scope includes technical services in the fields of electronic technology, integrated circuit technology, and computer software and hardware technology. In the past three years, it has successively invested in Yangzhou Chenyang Semiconductor Technology Co., Ltd. and Wuxi Boming Lixin Technology Partnership (Limited Partnership).

The investment of 1 billion yuan is mainly focused on the construction of chip packaging production line. According to Jiweinet, the products of this production line will be used in mobile phones, communication electronics, the Internet of Things, artificial intelligence, electric vehicles and other industries.

In recent years, with the progress of science and technology, RFID industry has also blossomed around the world. Newbie, JD and other logistics enterprises have successively increased RFID investment, Wal Mart and other supermarket giants have expanded the application of RFID, as well as the rapid popularization of aviation luggage, electronic license plates and other huge applications, which has further opened the huge market space for RFID. At the same time, it also promotes RFID to generate new solutions in different application fields, which has a very broad prospect for the rich sensing applications of the Internet of Things in the future.

In the next Internet of Things era, RFID technology will certainly continue to attract research from the industry and academia.