On the afternoon of December 11th, Xiaobo Xu, a first-class inspector from the Finance and Economics Department of the National Development and Reform Commission, led a team to investigate the development of technology finance in Nanhu Fund Town, Jiaxing. Chunhua Zhang, Deputy Director of the Zhejiang Provincial Development and Reform Commission, Mingliang Xu, Director of Jiaxing Municipal Development and Reform Commission, and Panfeng Shao, Secretary of the Nanhu District Committee, accompanied the investigation. As a representative of local outstanding enterprises, iStarChip Semiconductor was invited to participate in the symposium and exchange.

During the symposium, Mr. Stephen Jin, CEO of iStarChip Semiconductor, gave a detailed introduction to the company’s research and development innovation, market layout, future development plan and financing situation, and expressed expectations in combination with the actual situation. The on-site leaders fully affirmed the innovation ability and technical strength of iStarChip Semiconductor, providing us with driving force and confidence for further development.

Secretary Panfeng Shao said that Nanhu Fund Town has made significant development with the care and support of the National Development and Reform Commission, the Provincial Development and Reform Commission, and the Municipal Development and Reform Commission. In the current economic situation, vigorously promoting the reform of science and technology finance is an important measure to promote private investment. The research team highly praised the work of Nanhu Fund Town, believing that the town has shown excellent performance in terms of innovative exploration and operation management. From the perspective of the entire industry, we must adhere to the principle of emphasizing both standardization and development, solve difficulties and problems with development means, consolidate the foundation through reform, and promote the better development of the venture capital industry.

This investigation and research demonstrated the high importance that the country attaches to the reform of science and technology finance. iStarChip is well aware that science and technology finance is a key force to support technological innovation and entrepreneurship. Therefore, we will increase our research and development innovation efforts, enhance our technical strength and market competitiveness, and make unremitting efforts to solve the domestic substitution of China’s independent and controllable core automotive safety chips! At the same time, iStarChip expects to work with more partners hand in hand and grow stronger along with the booming development of China’s science and technology finance!