Nanjing eyeing for a 'Silicon Valley'

Jiangsu province's capital Nanjing — a semi-provincial megacity with some 9.57 million residents living in 11 districts — has developed into a national advanced manufacturing base.

Among the city's 500 major projects slated for this year, 228 are focused on advanced manufacturing. The Xinde Technology Artificial Intelligence Advanced Packaging and Testing Base Project initiated construction work with a total investment of 5.5 billion yuan ($774 million).

Located in Jiangbei New Area, the base will have an annual packaging capacity of 300 million high-performance chips upon completion, becoming a key player in Nanjing's "Silicon Valley" aspirations.