Japanese tech giant sets up operations in Xiamen
A view of Xiamen. [Photo/Xiamen Daily]
Japanese manufacturer RS Technologies Co Ltd recently signed an agreement to build its China investment headquarters in Xiamen, East China's Fujian province, with a planned registered capital of approximately $65 million, marking another significant foreign investment project landing in Xiamen.
Founded in 2011 by Fang Yongyi, an overseas Chinese entrepreneur based in Japan, the company's operating revenue in 2023 reached 50 billion yen ($326.3 million). Of that, 20.5 billion yen came from its silicon wafer recycling business, accounting for 33% of the global market share and making it the global leader in the sector.
The establishment of the China investment headquarters in Xiamen has opened a new chapter of cooperation between Xiamen and RS Technologies.
The headquarters will focus on investment management, settlement, and research and development for RS Technologies on the Chinese mainland.
It will also prioritize the establishment of production bases in Xiamen, engage in related manufacturing mergers and acquisitions, and promote the empowerment of advanced technology in order to boost the development of new quality productive forces in Xiamen.
In recent years, Xiamen has emphasized the development of strategic emerging industries and future industries such as semiconductors and new energy, offering ample opportunities for domestic and international tech enterprises to thrive in the city.
Why Xiamen
-
Xiamen is one of the most economically competitive cities in China and was one of the first Special Economic Zones on the Chinese mainland. As a vice-provincial city independently listed on the State development plan, it has provincial-level authority in economic administration and local legislative power. In 2010, the Xiamen SEZ was expanded to cover the entire municipality. Today, Xiamen is a modern and international port city.