Shenzhen's Luohu District Enhances Economic Bonds with Oceania

SYDNEY , Aug. 29, 2024 /PRNewswire/ -- As a central district of Shenzhen, a technology hub in South China, Luohu has bolstered its economic and trade connections with Oceania, marking a significant step toward fostering global economic partnerships.

The Luohu delegation commenced its business tour in Sydney, Australia, by hosting the China (Shenzhen•Luohu) - Australia Economic and Trade Cooperation Forum on Monday. Emphasizing its robust presence in finance, commerce, tourism, business services, information services, and artificial intelligence, the delegation strives to cultivate wider collaborative opportunities.

Australian enterprises displayed a keen interest in enhancing collaboration in cross-border trade, cultural tourism ventures, and wellness initiatives during the forum.

The delegation is set to engage with prominent institutions and enterprises in Australia before proceeding to New Zealand.

Strategically positioned in central Shenzhen, Luohu boasts seamless transportation links with Hong Kong and is home to thriving sectors such as finance, commerce, and business services. The service industry accounts for an impressive 94 percent of Luohu's GDP.

Luohu houses three out of seven of Shenzhen's land border crossings, directly connecting with Hong Kong, including the bustling Luohu checkpoint, one of China's busiest land ports for passenger entry and exit.

These land ports, coupled with one of Shenzhen's key railway stations, facilitate the annual influx and outflow of hundreds of millions of visitors from both domestic and international origins, establishing Luohu as a vital tourism hub.

Initiatives are underway to transform the district into a hub for tourism enterprises and a prime tourism consumption center within the Guangdong-Hong Kong-Macao Greater Bay Area.

The district government has introduced policies to attract international tourism organizations, tourism consortia, and industry alliances to establish branches in Luohu, promoting the development of unique local tourism products and routes.

With such a significant flow of visitors, commerce, trade, and consumption are thriving in Luohu.

Government statistics reveal that the total annual retail sales of consumer goods in Luohu surpassed 139 billion yuan ($19.5 billion) in 2023.

In addition to upscale shopping destinations including  Shenzhen MixC, and the vibrant Dongmen Pedestrian Street, Luohu is home to China's largest gold jewelry aggregation hub in Shuibei.

Finance stands as another cornerstone industry in Luohu, with over 100 licensed financial institutions and the sustained growth of leading accounting and legal service firms such as PwC, EY, and Deloitte.

Meanwhile, several strategic emerging sectors in Luohu have experienced rapid advancement.

For instance, the healthcare industry in Luohu has cultivated diverse clinical application scenarios that propel the research and commercialization of innovative pharmaceuticals and medical devices.

The local government is continually enhancing the business environment, focusing on supporting precision medicine, high-end wellness, innovative pharmaceuticals, and the development of advanced medical equipment.

In the realm of AI, applications extend to urban governance, public services, and industrial progress, with the Qingshuihe Artificial Intelligence Cluster Zone recognized as one of the city's top 10 AI clusters.

The district government unveiled its Action Plan to Promote AI earlier this month, which aims to stimulate the aggregation and application of AI industries through initiatives such as the development of specialized parks and buildings, establishing supply-demand matching platforms, and supporting enterprise innovation.

The plan encourages industries to implement large-scale AI applications, consolidate and activate data assets, while providing affordable industrial housing support to high-quality enterprises and aiding in expanding financing avenues.

According to the local government, the Luohu delegation will convene for further economic and trade dialogues, engaging with esteemed local institutions and enterprises in cross-border trade and modern service sectors to foster deeper cooperation in New Zealand, the final leg of its Oceania tour.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Shenzhen's Luohu District Enhances Economic Bonds with Oceania

Shenzhen's Luohu District Enhances Economic Bonds with Oceania

SAN JOSE, Calif., Sept. 14, 2024 /PRNewswire/ -- From September 10-12, 2024, MSquare Technology made a standout appearance at the highly anticipated AI Hardware & Edge AI Summit in San Jose. With 1,500+ attendees and 75+ stellar speakers from the industry leaders, the summit provided MSquare, a leading provider of semiconductor IP and Chiplet solutions, a key platform to showcase its latest products, highlighted its role in driving innovation within the AI ecosystem through practical case studies and proven results.

Pushing the Boundaries: Innovation-Driven and Shaping the Future

At the forefront of innovation in interconnect IP and Chiplet solutions, MSquare continues to break new ground. MSquare's IO Die ML100, is a leading high-bandwidth memory solution. With its integrated high-efficiency Die-to-Die interconnect IP and support for the UCIe 1.1 protocol, the IO Die ML100 enables ultra-fast data transfer and low-latency inter-chip communication, drastically enhancing the efficiency of AI model training and inference, propelling advancements in AI development.

The IO Die ML100, with its high-speed HBM3 memory subsystem, offers a maximum bandwidth of 819.2 GB/s and supports a transfer rate of 6400 Mbps, adhering to the standard HBM3 JESD238 protocol. It meets the stringent demands for high bandwidth and low power consumption in AI applications, laying a solid foundation for future advancements in AI technology.

Diverse Product Portfolio: Setting the Standard for Innovation

MSquare has built a comprehensive and robust IP product portfolio, cementing its role as a key player in the development of cutting-edge IP infrastructure. Its extensive range of IP products has been validated and mass-produced across a wide spectrum of process nodes, from 5nm to 180nm, supporting over 400 different process technologies at the world's 5 leading foundries.

MSquare's portfolio includes high-speed interconnect IPs such as HBM, LPDDR, ONFI, UCIe, eDP, PCIe, and USB, as well as advanced Chiplet solutions like the M2LINK platform. Together, these offerings form a powerful and open ecosystem that supports digital transformation and drives innovation across industries, from AI and data centers to automotive, IoT, and consumer electronics.

Global Expansion: Building an Ecosystem of Innovation

MSquare is accelerating its global expansion, establishing strategic hubs in San Jose, Sydney, and Tokyo to foster deeper collaboration and strengthen its position in the global AI and semiconductor ecosystems. The AI Hardware & Edge AI Summit offered MSquare an invaluable opportunity to not only demonstrate its technological prowess but also foster collaboration with industry leaders across the AI hardware landscape. MSquare is committed to working alongside global partners to tackle the opportunities and challenges of the AI era, shaping the future of the industry together.

Looking Ahead: A New Era of AI Innovation

As AI and edge computing technologies continue to evolve at breakneck speed, MSquare remains steadfast in its mission to lead the charge in interconnect IP and Chiplet innovation. Through its participation in this summit, MSquare has showcased its unwavering commitment to pushing technological boundaries and driving the future of AI. MSquare looks forward to continuing its collaboration with industry peers to explore new possibilities and to create the next era of AI advancements.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

MSquare Technology Showcases Leadership in IP and Chiplet Innovation at the AI Hardware & Edge AI Summit