Global tech giant opens R&D facility in Hong Kong

ASM Pacific Technology (ASMPT), one of the top 100 global tech firms, recently set up a new 300,000 ft2 R&D centre in Tsing Yi, Hong Kong, which will be the largest centre of its ten R&D centres around the world.

With opportunities brought by the National 13th Five-Year Plan and the Guangdong-Hong Kong-Macao Greater Bay Area development, Hong Kong is seeking to capitalise on its advantages in R&D capabilities, technology infrastructure, legal system and intellectual property to act as a strategic bridge for innovative companies looking to access the Mainland market.

The government has committed over $100 billion to promote innovation and technology (I&T) development, including developing I&T infrastructure, promoting R&D, nurturing local talent and attracting international expertise, supporting technology enterprises and promoting re-industrialisation.

Hong Kong is fast becoming a start-up hub for technology firms. Government initiatives include targeted funding programmes (a dedicated venture fund programme to attract venture capital investment), tax relief to encourage R&D investment, research clusters in key technology area, and collaboration with the neighbouring Shenzhen Municipal People’s Government to develop the Hong Kong-Shenzhen Innovation and Technology Park.

For further information, please contact Sovereign Trust (Hong Kong) Limited by phone on +852 2542 1177 or by email.

Sovereign Trust (Hong Kong) Limited
Get in Touch

Please contact us if you have any questions or queries and your local representative will be in touch with you as soon as possible.