WND strengthens China-EU cooperation for a brighter future

The inauguration ceremony of the China-Hungary Torch Innovation Center is held at Obuda University on Nov 4. [Photo/WeChat account: xinwu_wx]

On Nov 4, a delegation from WND visited Obuda University in Hungary, signing a memorandum of cooperation and establishing the China-Hungary Torch Innovation Center, ushering in a new era of collaboration in science, technology, talent, and industry.

Relying on its industrial advantages and leveraging the scientific research expertise and talent pool of Obuda University, WND is poised to collaborate with the university to establish a bilateral technological research and development mechanism.

WND and Hungary have a strong history of economic and trade cooperation. In 2018, Semilab, a Hungarian company that provides metrology solutions for the semiconductor, photovoltaic, and display industries, invested in WND to establish its factories. This year, its Wuxi branch is set to introduce the most advanced semiconductor detection equipment production line from Semilab's European headquarters, with an estimated additional annual output of 100 million yuan ($13.91 million).

In 2023, three WND enterprises invested in Hungary, with Lead Intelligent Equipment contributing $21.4 million. In November 2023, a China-EU industrial innovation zone was launched, with numerous European industrial projects signing contracts totaling nearly 2 billion euros ($2.15 billion) in investment.