Laservall Announces $300 Million Investment, Expands R&D in Hong Kong's Advanced Manufacturing Sector

2025-03-31 12:12 Last Updated At：14:48

Speech by SITI at Laservall - "From Hong Kong To Global: The Future of Advanced Manufacturing and Microelectronics"

Following is the speech by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, at the Laservall -"From Hong Kong To Global: The Future of Advanced Manufacturing and Microelectronics" event today (March 31):

Ms Lee (Korean Consul (Commerce), Consulate General of the Republic of Korea in Hong Kong, Ms Jaeyon Lee), James (Chairman of Laservall, Mr James Kang), Andrew (Chief Executive Officer of Laservall, Mr Andrew Kim), Albert (Chief Executive Officer of the Hong Kong Science and Technology Parks Corporation, Mr Albert Wong), distinguished guests, ladies and gentlemen,

Good morning. It is my pleasure to stand before you today to celebrate Laservall's global expansion in Hong Kong - a milestone that marks the company's distinctive success achieved in developing advanced high-precision laser inter-connect solutions and automation system for advanced manufacturing.

Founded in Hong Kong in 2003 and commencing its amazing journey at the Hong Kong Science Park in 2024, a cradle that nurtures thousands of innovation and technology (I&T) companies, Laservall has evolved into a world leader in the advanced manufacturing industry today. With its extensive clientele including some renowned global brands in the industry of smartphone camera modules, electronics and automotive, Laservall continues to expand its operations with R&D (research and development) centres and production facilities across Asia.

We are so excited to witness Laservall's success today, as advanced manufacturing has been a pivotal sector and significant power engine to drive the development of new industrialisation in Hong Kong.

Following the promulgation of the Hong Kong Innovation and Technology Development Blueprint in December 2022, the Hong Kong SAR Government has been actively promoting new industrialisation through supporting the advanced manufacturing industries and encouraging the upgrading and transformation of traditional manufacturing sector through the use of I&T, with the aim of driving sustainable economic growth and creating high-quality employment opportunities.

To bolster the development of new industrialisation, our Government has stepped up its efforts by implementing a series of supporting policies and measures. For example, the New Industrialisation Funding Scheme was enhanced to reinforce our efforts in supporting enterprises to adopt smart manufacturing. As of February 2025, the scheme had supported more than 100 new smart production lines. To extend our dedication, we launched the New Industrialisation Acceleration Scheme last year to provide funding support for enterprises engaging in industries of strategic importance. We will also earmark another $100 million for the Pilot Manufacturing and Production Line Upgrade Support Scheme to provide financial support to companies setting up smart production facilities in Hong Kong.

Today, Laservall announces its plan of investing $300 million over the next five years and doubling the size of R&D team by 2026, and extending their R&D team eventually by sixfold by 2028. This not only reflects the company's commitment to innovation but also its unwavering confidence in Hong Kong's I&T industry. Its expansion at the Science Park is a perfect example of how it is leveraging Hong Kong's unique role as a "super-connector" and a "super value-adder" to strengthen its presence in the global market.

May I once again extend my sincere congratulations to Laservall for its outstanding I&T achievement. I am confident that we will soon witness more local companies, like Laservall, stepping onto the global I&T stage and demonstrating the remarkable outcomes of Hong Kong's R&D capabilities to the world in the near future. Thank you.

Hong Kong Police Launches Fifth Cohort of L.I.O.N. to Nurture Young Anti-Drug Leaders

Police kick off fifth cohort of Leadership Institute on Narcotics

The Hong Kong Police Force today (March 7) launched the fifth cohort of the Leadership Institute on Narcotics (L.I.O.N.), a dedicated programme to nurture young anti-drug leaders.

Speaking at the kick-off ceremony, the Commissioner of Police, Mr Chow Yat-ming, said that the abuse of etomidate in recent years has posed challenges to anti-drug efforts, reflecting the ever-changing drug scene. As such, the programme curriculum of L.I.O.N. must keep abreast of the times. In addition to training courses covering leadership skills, drug-related legal and medical knowledge, publicity and media response techniques, and adventure-based training, L.I.O.N. has also incorporated generative artificial intelligence training this year to equip mentees with skills to apply innovative technologies for creating impactful anti-drug projects. The Chinese Mainland exchange tour will also be extended to three days and two nights this year, enabling mentees to engage in in-depth exchanges in the Greater Bay Area and broaden their horizons.

He added that this year marks the fifth anniversary of L.I.O.N.’s establishment, and a series of large-scale promotional activities will be launched, including the “L.I.O.N.–mobile”, an anti-drug short video competition, and a large-scale anti-drug carnival, showcasing the creative achievements of mentees of the current and past cohorts, and further promoting a drug-free culture to the community.

Mr Chow expressed his appreciation to the Hong Kong Youth Development Alliance, executive committee members of the past cohorts, professional trainers, as well as school principals and teachers for their support and contributions to L.I.O.N.. He encouraged mentees of the new cohort to cherish every learning opportunity, and work together with all sectors to build a drug-free society.

At the ceremony, awardees from the fourth cohort shared their valuable insights from the exchange tour to New Zealand in February. They said that the trip deepened their understanding of how anti-drug messages were disseminated there through publicity, education and community involvement, which would help them continue to fulfill their mission as anti-drug leaders in the future.

Established by the Police Narcotics Bureau in 2021, L.I.O.N. brings together various community sectors and annually recruits 80 secondary students and 20 undergraduates as mentees. Through various training activities, visits, as well as exchange tours, L.I.O.N. nurtures young people as anti-drug leaders to disseminate anti-drug messages in the community.

Laservall Announces $300 Million Investment, Expands R&D in Hong Kong's Advanced Manufacturing Sector

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