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.

Mid-Autumn Lantern Carnival 2026 Kicks Off at Victoria Park with Spectacular Displays and Festive Activities!

Grand lantern carnival to celebrate Mid-Autumn Festival

The Mid-Autumn Lantern Carnival 2026, organised by the Leisure and Cultural Services Department (LCSD),is running from today (September 17) until September 27 at Victoria Park, featuring multiple spectacular lantern displays, as well as a wide range of performances and festive activities, to celebrate the Mid-Autumn Festival.

Themed "A Delightful Journey through the Lantern Garden", the carnival draws inspiration from Hong Kong's distinct flavours, brought to life through radiant displays of light. For the highlight lantern display, "A Feast of Light and Cherished Memories", playful smiling faces are added to beloved local delicacies such as egg waffles, Hong Kong-style milk tea, curry fishballs and more, spreading the festive joy. "Love in Every Moment" is a lantern installation portraying a blooming flower complemented by heart-shaped light plaques and a corridor of heart-shaped arches, featuring scenes of daily life in Hong Kong.

The traditional lantern display "Lantern-lit ICH: Shining with Craft Under Moonlight" is crafted by veteran paper-crafting master Hui Ka-hung. Featuring rabbits embracing a giant moon, singing nanyin and waving a lion-head lantern, the display allows visitors to experience the warmth of ICH (Intangible Cultural Heritage)handicrafts amid the festive atmosphere. Also on display are "Pandas and Steeds Beneath the Palms" featuring adorable giant pandas and galloping steeds, as well as a large-scale lantern installation "Heartfelt Wishes to the Moon under the Glow of Lanterns" created by students and persons with disabilities.

This year's Mid-Autumn Lantern Carnival, for the first time presented by the Hong Kong Tourism Board, features the large-scale Nanjing Qinhuai lantern installation "Shadowlight". The approximately 8-metre-tall banyan tree lantern set blends exquisite ICH craftsmanship and with brilliant colours and lighting that can be admired from multiple angles.

In addition, a Mid-Autumn creative market, a Chinese knots DIY zone, and self-service lantern riddles are available during the carnival. From September 24 to 26, craft demonstrations of Portuguese azulejo tile painting and Hakka-patterned band weaving, as well as workshops on local traditional lantern crafting will be available at the Carnival. On Mid-Autumn night, there will be a Tai Hang fire dragon dance to enter Victoria Park and a gala night withCantonese opera excerpts, as well as folk dancing and Chinese music performances. A youth night will be held on the evening of September 26, featuring performances by young artists.

The LCSD will also present a Mid-Autumn lighting installation, "Moonlit Bunny Crew", at the Hong Kong Cultural Centre Piazza from today (September 17) to October 11. Created by local creative team STICKYLINE, the installation uses simple yet vivid geometric shapes to present the districts’ distinctive landmarks. "Moonlit Bunny" rabbits, appearing throughout the design, capture Hong Kong's finest moments with cameras.

The installations will be lit daily from 6.30pm to 11pm, with extended lighting hours until midnight on Mid-Autumn Day (September 25).

For more details, please call 2591 1340 or visit:www.cpo.gov.hk/event/en-mid-autumn-lantern-carnival-2026/.

The Mid-Autumn Lantern Carnival 2026 is one of the programmes of the Chinese Culture Festival 2026.

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

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