World-class integrated circuits (IC) design center, Zhongguancun IC Park, held an industry exchange symposium and contract signing ceremony at the Zhongguancun Silicon Valley innovation Center on Oct 17.

The Zhongguancun IC Park signed cooperation agreements with The United States Special Parks Overseas Committee and US-China Law Group to work on overseas promotion, the establishment of overseas branches and overseas business projects.

During the symposium, Pei Jun, general manager of the Zhongguancun IC Park, gave a brief introduction of the park and its IC industry development.

Pei invited local companies to attend the 2017 China IC Design Annual Meeting, which will be held in Beijing in the coming November.

This effort will help the park's companies with their "going out" strategies and introduce foreign talents, accelerate the industrial cluster in the park, and boost the development of China's IC industry, Pei said.

Covering a land area of 5.98 hectares, the park seeks to attract the world's top IC designers by offering potential enterprises nine industrial service platforms covering financial services, human resources, overseas match-making, technology services, living support, market promotion, incubation services and other public services.

IC PARK makes full use of the important roles of high-end industries in capital economy and social development, becoming a new engine that guides high-end industrial development.

By 2020, the park is expected to generate annual revenue of 8 billion yuan ($1.2 billion), and advance its design capabilities in line with international standards to form the largest IC design cluster in China.

Pei Jun (L), general manager of the Zhongguancun IC Park, signs a cooperation agreement with Xiong Liping, vice general manager of the US Special Parks Overseas Committee on Oct 17. [Photo/zgcicpark.com.cn]

A signing ceremony is held between Zhongguancun IC Park and US-China Law Group on Oct 17. [Photo/zgcicpark.com.cn]

An industry exchange symposium is held at Zhongguancun Silicon Valley innovation Center on Oct 17. [Photo/zgcicpark.com.cn]