HK Media’s Jiangsu Tour: From Jiangsu to the World - Yangjie Technology Expands Global Semiconductor Footprint

The Hong Kong media delegation visited Yangjie Electronic Technology Corporation, a power semiconductor company in Yangzhou, Jiangsu, on March 25. The corporation executives shared their entrepreneurial journey — from humble beginnings in a café to 25 years of gradually developing success. Amid a complex international landscape, the executives emphasized that the corporation is simultaneously cultivating its domestic industrial chain while steadily advancing its global expansion to build worldwide trust in Chinese power semiconductors.

Yangjie Electronic Technology Corporation, Photo by Bastille Post

An Afternoon of Beginnings: 11 People, 1 Million RMB, One Small Café

One afternoon in 2000, inside a small café in Yangzhou, 11 people pooled together 1 million RMB to start a semiconductor corporation. Their goal was simple: to become a prominent corporation in Yangzhou — hence the name "Yangjie" (meaning "Outstanding in Yangzhou" in Chinese) was determined. Twenty-five years later, not a single one of the 11 founding members has left. The corporation has since grown into a publicly listed enterprise with over 8,000 employees and 15 billion RMB in assets. Its market capitalization once reached 50 billion RMB. "We started with trading, then moved to manufacturing, and then to R&D," an executive said. "Every step has followed the direction of national industrial upgrading."

One afternoon in 2000, inside a small café in Yangzhou, 11 people pooled together 1 million RMB to start a semiconductor corporation. Photo by Bastille Post

Its Vietnam Factory Driven by Reality: "Chinese Technology Going Global"

The latest step is the establishment of a factory in Vietnam. An executive explained that as the international trade environment continues to tighten, the model of relying solely on domestic production and exports is becoming increasingly vulnerable to fluctuations of reality, making corporations need to establish physical production capacity overseas to serve local customers and diversify supply risks across different markets. The corporation has purchased 120 acres of land in Vietnam and raised funds through a GDR issuance on the Swiss Stock Exchange, attracting a large number of Hong Kong investors during the roadshow. He emphasized that the Vietnam factory is not simply relocating low-end processes, but rather replicating the entire domestic technology chain overseas. The fab plant project was officially launched on the day of the interview, marking "a real step for China's power semiconductor technology to go global."

Mr. Fan Fengbin, the deputy general manager of Yangjie Technology, is giving the corporation's introduction to the Hong Kong media delegation. Photo by Bastille Post

More Locations, Better Service for China and the World

In regard to geopolitical risks, an executive cited a recent merger and acquisition saga in the international semiconductor industry as a cautionary example, noting that if a corporation concentrates all its core assets, patents, or production lines in a single country, it will struggle to adjust once the external environment shifts dramatically. He said that when considering overseas acquisitions, Yangjie Technology tries to avoid placing heavy assets or core patents primarily abroad, while retaining the original management teams to ensure stable operations. "What we're doing now is distributing business support across different regions, ensuring no single location becomes the sole lifeline," he explained. "This way, we can better serve domestic customers and also better handle international orders." He described the strategy not as "escaping" any particular market, but rather as a more stable approach to securing Chinese corporations' position in the global industrial chain.

Photo by Bastille Post

Photo by Bastille Post

Making the World Trust Chinese Power Semiconductors

For most people, the term "power semiconductors" is unfamiliar. A senior technical executive at Yangjie Technology offered a simple explanation: they are the "heart" of electronic products, responsible for controlling the current and voltage in every electrical appliance. "From small Bluetooth headsets to large high-speed trains — wherever electricity is used, our products are used," he pointed out.

Mr. Fan Fengbin, the deputy general manager of Yangjie Technology, Photo by Bastille Post

He noted that in the field of third-generation semiconductor silicon carbide, Chinese companies are not far behind international levels and have room to catch up quickly. Currently, the main bottlenecks lie in the self-sufficiency of equipment and some high-end materials. He stated that the company will continue to focus on developing its core power semiconductor business, "hoping to make the world trust Chinese power semiconductors and contribute more to our hometown and our country."

Mr. Fan Fengbin, the deputy general manager of Yangjie Technology, is giving the corporation's introduction to the Hong Kong media delegation. Photo by Bastille Post

Yangjie Electronic Technology Corporation, Photo by Bastille Post

To commemorate the 90th anniversary of the Red Army's Long March victory, the second thematic reporting trip of the "Retracing the Long March" series in Guizhou and Yunnan, organized by the Guangdong-Hong Kong-Macao Greater Bay Area Media Alliance, was officially launched on July 19 in Guiyang, Guizhou Province.

A banner reads: "Guizhou's responsibility in Building a digital China." Photo by Bastille Post

The All-China Journalists Association and the Guangdong-Hong Kong-Macao Greater Bay Area Media Alliance jointly organize the event. More than 30 journalists from the Greater Bay Area, Guizhou, and Yunnan will visit key historical sites along the Central Red Army's Long March route through Guizhou and Yunnan from July 19 to 25. 

As a crucial strategic hub on the Central Red Army's Long March route, Guizhou played a pivotal role: it hosted the Zunyi Conference, a historic turning point in the Red Army's history, and witnessed legendary battles such as the Four Crossings of the Chishui River and the Crossing of the Jinsha River, all of which took place on its soil. It was here that the Red Army achieved its strategic turnaround and broke through enemy encirclement.

As a crucial strategic hub on the Central Red Army's Long March route, Guizhou played a pivotal role. Photo by Bastille Post

Today, Guizhou has leveraged its cool climate, abundant energy resources, and the "East Data, West Computing" Project to become a key node in China's national computing network. Take the domestic animated blockbuster Ne Zha as an example: over 40% of its visual effects rendering was powered by the Gui'an New Area Supercomputing Center. To date, Gui'an has provided high-performance computing services for more than 150 film and television productions, including The Wandering Earth 2 and The Battle at Lake Changjin, injecting sustained momentum into the digital transformation of various industries.

In the new era, the spirit of the Long March is being "brought to life" by technology. Photo by Bastille Post

In the new era, the spirit of the Long March is being "brought to life" by technology. The Guizhou Long March Cultural Digital Art Museum (Red Ribbon) provides an immersive journey across time and space for visitors. The museum uses cutting-edge technologies, such as AI virtual interaction, holographic imaging, virtual reality, and 3D sound fields, to recreate pivotal scenes, including the Zunyi Conference and the Liping Conference, as well as digitally reconstruct major battles, such as the Battle of Loushan Pass and the Battle of Zunyi.

The digitally recreated Zunyi Conference, Photo by Bastille Post

The digitally reconstructed major battles, Photo by Bastille Post

On the screens, Red Army soldiers come to life before visitors' eyes, their voices and stories of sacrifice resonating through the space, as though history itself is unfolding in real time. In a simulated snow‑covered setting, visitors walk slowly alongside their Red Army "comrades": With every step, they tread upon the snow of the past, which is an immersive encounter with the hardships of the Long March, and a quiet invitation to reflect on how its spirit continues to inspire the present.

Actors recreated the Red Army soldiers crossing snow‑covered mountains in straw sandals, a testament to the extreme material shortages they endured during the Long March. Photo by Bastille Post

A young visitor surnamed Xu said that China today is a wonderful place, so he wanted to revisit the glorious years of the Red Army. He believes the Red Army soldiers were very brave, and he learned from them not to give up after a single setback. Xu's mother added that "The Great Journey", a key immersive experience at the Red Ribbon museum, is unlike anything found in a typical exhibition hall.

The young visitor surnamed Xu, Photo by Bastille Post

Xu's mother, Photo by Bastille Post

The Red Ribbon Museum is divided into two main experiences: "The Great Journey" and "Fly Over Guizhou." "The Great Journey" comprises six chapters: Nameless Heroes, Baptism of Blood and Fire, Great Turn, Forging Ahead on the Journey, Monument of Victory, and New Era, New Long March. "Fly Over Guizhou" is the province's first 8K cinematic-grade flying theater, equipped with multi-degree-of-freedom suspended dynamic seats that give visitors the sensation of soaring over Guizhou's magnificent mountains and rivers.

An actor, holding high the Red Army flag, leads visitors into "The Great Journey." Photo by Bastille Post

"Fly Over Guizhou" is the province's first 8K cinematic-grade flying theater, equipped with multi-degree-of-freedom suspended dynamic seats that give visitors the sensation of soaring over Guizhou's magnificent mountains and rivers. Photo by Bastille Post

Photo by Bastille Post

Photo by Bastille Post

The museum is managed by Guizhou Cultural Tourism Technology Co., Ltd. Mr. Liu Qiyang, the company's deputy general manager, said that since its trial operation in 2023, it has hosted over 24,000 performances. He added that during the summer vacation, many student groups have come to visit.

Mr. Liu Qiyang, Photo by Bastille Post

Mr Liu noted that the Red Ribbon Museum breaks away from traditional exhibition methods that rely primarily on text, images, and video. Taking the "Fly Over Guizhou" project as an example, he explained that each frame, rendered at 60 frames per second, requires substantial computing power for modelling and rendering. "Modelling just one frame takes 16 hours," he said. He acknowledged that the museum's smooth operation was made possible by Guizhou's local big-data advantages; without it, the museum, whose operator, Guizhou Cultural Tourism Technology Co., Ltd., was established in 2021, would have struggled to launch trial operations by 2023.

The innovative "technology + red culture" experience is drawing a growing number of young people to actively engage with the history of the Long March. Photo by Bastille Post

He also noted that this innovative "technology + red culture" experience is drawing a growing number of young people to actively engage with the history of the Long March.