Visionox established a new company in Suzhou with a registered capital of 10 million yuan

Qichacha APP shows that Suzhou Guoxian Innovation Technology Co., Ltd. was recently established.

The company's registered address is Kunshan Development Zone, with a registered capital of 10 million yuan. Its business scope includes: retail of electronic components; manufacturing of special electronic materials; sales of special electronic materials; research and development of special electronic materials, etc. QiChacha’s equity penetration shows that the company is wholly owned by Visionox.

In addition to establishing a new company in Kunshan District, Suzhou, in April this year, Visionox also announced that the company plans to invest in the construction of a global new display industry innovation center project in Kunshan.

The project requires about 60 acres of industrial land and a total investment of about 5 billion yuan, including about 4 billion yuan in equipment investment, intangible assets, working capital, etc., and about 1 billion yuan in land and factory building construction. The total investment covers related fixed assets and related patents. The project is a leading high-end flexible AMOLED technology development platform in China, which mainly carries out three businesses:

1. Development of cutting-edge display technology, including localization verification of materials and equipment, research and development of key technologies underlying cutting-edge displays, etc.;

2. Deliver related products based on relevant R&D projects, including XR products and X-ray products;

3. Pan-semiconductor technology research and incubation, including perovskite projects and glass substrate projects.

Considering that this project has great strategic significance for reinforcing and expanding the optoelectronic display industry chain in Kunshan Development Zone, and can also be extended to integrated circuits, photovoltaics and other related industries, it is a major project for Kunshan to build a new generation of information technology industry innovation clusters. The Kunshan Economic and Technological Development Zone Management Committee provides cooperative support for Visionox.

The two parties will coordinate relevant entities to jointly establish the Kunshan Global New Display Industry Innovation Center Project Company. The Kunshan Economic and Technological Development Zone Management Committee coordinates the state-owned assets platform to make the investment.