Jiangyin City, known for its dynamic private sector, has reached record levels of foreign investment, achieving an impressive $1.16 billion USD in paid-in foreign investment from January to August this year. Building on its 20-year high in 2023, the eastern Chinese city continues to attract considerable international interest, especially in its rapidly expanding integrated circuit, new energy, and bio-pharmacy industries.
This significant influx of capital has been driven by both longstanding and new investors, eager to participate in Jiangyin’s burgeoning strategically focused industries. With 44 new foreign-invested projects already established this year, the city is paving a strong path toward sustained economic growth and international cooperation.
Trustchip Korea Leads Semiconductor Investment with Major New Project
In August, Trustchip Korea launched a substantial investment project in Jiangyin, marking a key milestone for the city’s semiconductor industry. Trustchip’s plans include building its Jiangyin headquarters and establishing a semiconductor equipment production base. Expected to generate annual sales of 350 million yuan upon full operation, the first phase of the project reflects Trustchip’s commitment to the region. Furthermore, the company’s plans for a second phase expansion, including the development of the China-Korea Chip Valley Industrial Park, will further enhance the city’s position as a semiconductor innovation hub. This new industrial park will house a 3rd generation automotive-grade semiconductor module packaging and wafer factory, illustrating Jiangyin’s capabilities to attract top-tier semiconductor investments and expertise.
Attracting New and Longstanding Investors Alike
Multinational corporations, both new and established, have shown a strong interest in Jiangyin’s emerging markets. Besides Trustchip Korea, global entities like Unilever and EDF have launched new projects in the city this year, adding further momentum to Jiangyin’s investment growth. Furthermore, foreign-funded companies that have operated in the city for years are increasing their local investments. For instance, Alfa Laval, a major player in Jiangyin for over three decades, invested $10 million USD of its profits into new initiatives earlier in 2024 and has announced plans for an additional $10 million USD in 2025, indicating long-term commitment.
Enhanced Business Environment Supports Foreign Investment Growth
Jiangyin’s success in attracting foreign investment is largely a result of the city’s dedicated efforts to create a business-friendly, policy-driven environment that supports innovation and fair practices. Through its three-year action plan, Jiangyin has incentivised foreign companies to establish regional headquarters, expand R&D operations, and reinvest profits locally. This plan offers attractive support for business expansion and reinvestment, which has encouraged numerous companies to deepen their presence in the city.
Policies Supporting Foreign Investors and Their Families
The city has also introduced policies to enhance the quality of life for foreign investors and their families, making Jiangyin an appealing place for both work and residence. These initiatives cover entry and exit processes, housing, healthcare, education, and leisure, offering foreign workers a comprehensive support system that eases their transition and supports their lifestyle. This level of attention to both professional and personal needs is proving to be a compelling factor for investors choosing Jiangyin.
Strengthening Emerging Industry Sectors
With its strategic focus on building a resilient economy and attracting top talent and capital, Jiangyin is setting an example for other cities in Jiangsu Province. Its integrated circuit, new energy, high-end equipment, and bio-pharmacy sectors are poised to draw even greater investment in the coming years, establishing Jiangyin as a leader in China’s evolving industrial landscape.