Secretary for Innovation, Technology & Industry Sun Dong on Sunday began his visit to The Netherlands, highlighting the I&T opportunities that await overseas investors in Hong Kong.

Sun met with the management of internationally renowned semiconductor company Nexperia and explored with the firm its plan to further expand business in the Hong Kong Special Administrative Region. 

Nexperia has businesses around the globe with research and development facilities established in the Hong Kong Science Park.

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Sun said the HKSAR government has clearly stated in the Hong Kong Innovation and Technology Development Blueprint that the development of advanced manufacturing and new energy are one of the strategic technology industries.

He highlighted that the Hong Kong Microelectronics Research & Development Institute, established in September last year, is preparing the set-up of two pilot lines at the Microelectronics Centre this year, striving to put them into operation next year to support product development and trial production.    

“The institute leverages the Greater Bay Area's well-developed manufacturing industry chain and enormous market, and promotes the '1 to N' transformation of R&D outcomes and industry development,” he added.

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On Saturday, Sun visited the showroom of Renault Group in Paris, France, and met the group’s management who gave him a briefing on the latest development and planning of the group and its brands as well as its various innovative businesses. Both sides also explored ways to deepen collaboration.

BeyonCa, a premium electric vehicle enterprise backed by France’s Renault Group and China’s Dongfeng Motor Corporation, was established in Hong Kong in 2021 with its international headquarters being set up at the Hong Kong Science Park.