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
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Yangjie Electronic Technology Corporation, Photo by Bastille Post
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
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
Mr. Fan Fengbin, the deputy general manager of Yangjie Technology, Photo by Bastille Post
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
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
In late March, the Hong Kong media delegation visited the Confucius Temple, Qinhuai River, Slender West Lake, the Yangzhou China Grand Canal Museum, and the Suzhou Pingjiang Historical and Cultural District, following the Grand Canal and waterways from various dynasties. Appreciating lantern festivals, classical gardens, ancient streets, and the timeworn waters, the delegation experienced the cultural heritage of Jiangnan in early spring and witnessed the preservation of the world's cultural heritage sites.
Photo by Bastille Post
Nanjing: Qinhuai River's Glimmering Lanterns
On the evening of March 23, the delegation boarded an ornately decorated boat from the Confucius Temple and traveled along the Qinhuai River.
On the water, lotus lanterns, cicada lanterns, rabbit lanterns, and lanterns depicting ladies in ancient costumes and zodiac animals swayed with ripples. The docent explained, "The Qinhuai Lantern Festival and Qinhuai lantern decorations are both national intangible cultural heritage. The classic Qinhuai lantern designs include lotus lanterns, cicada lanterns, and rabbit lanterns, etc." The Qinhuai Lantern Festival, revived in 1984, is now in its 40th year, with the theme "A Thousand Years of Lanterns Illuminating Jinling, A New Chapter Begins at 40th Year." The festival features eight exhibition areas and approximately 390 lantern sets.
On the water, lotus lanterns, cicada lanterns, rabbit lanterns, and lanterns depicting ladies in ancient costumes and zodiac animals swayed with ripples. Photo by Bastille Post
The firewalls of the Hui-style buildings on both banks rose high into the night. The docent explained that the firewalls were "both aesthetically pleasing and, due to their height, provided excellent fire prevention".
Photo by Bastille Post
The boat passed Wende Bridge, famous for its alignment with the meridian. Every year on the fifteenth day of the eleventh lunar month at midnight, the bridge's shadow perfectly splits the moon's reflection in the river in two, with half the moon visible on each side — a phenomenon known as "Wende Dividing the Moon."
The Confucius Temple is crowded with visitors. Photo by Bastille Post
According to folklore, the poet Li Bai, while drinking at a tavern near the bridge, saw the moon's reflection in the water and leapt from the bridge in an attempt to catch it, thus adding fame to this extraordinary sight.
Yangzhou: The Enduring Grace of Classical Gardens and Ancient Waterways
On the evening of March 25, the delegation boarded a boat in Yangzhou for a night cruise on Slender West Lake.
Tracing back to history, when Emperor Qianlong traveled south by water, Slender West Lake lay along his imperial route. As the emperor passed through, the salt merchants of Yangzhou vied to build a garden along the shores. Whoever built a more beautiful garden would have the emperor's procession slow down before theirs for appreciation. Driven by the competition, one garden after another rose along the shores, until the lake landscape became "flowers and willows lining both shores, pavilions and terraces stretching all the way to the mountains."
The beautiful scenery of the Slender West Lake at night, Photo by Bastille Post
The docent introduced the history of the Five Pavilion Bridge, the Twenty-Four Bridges, and the Fishing Terrace along the lake. The Five Pavilion Bridge, whose official name is "Lotus Bridge", was originally built during the Qianlong era. The existing White Pagoda and the bridge foundation of the Five Pavilion Bridge are authentic Qing Dynasty relics; the rest were rebuilt after being destroyed during the Taiping Rebellion.
The White Pagoda, Photo by Bastille Post
The docent remarked, "The beauty of Slender West Lake during the day is visible at a glance, but its beauty at night must be comprehended." The lake features a water curtain performance titled "Two Parts of the Moon", inspired by the Tang Dynasty poem: "Of the three parts of the moonlit night under heaven, two parts belong to Yangzhou." Using lights and water mist, the performance brings to life the poetic imagery that scholars have sung of for centuries.
The water curtain performance at night, Photo by Bastille Post
The following day, the delegation visited Jianzhen Road and the Grand Canal Museum. Jianzhen Road is named after the Tang Dynasty monk Jianzhen, a native of Yangzhou who travelled six times to Japan to spread Buddhism. During the flowering season, cherry blossoms bloom along the road, accompanied by creative markets and Hanfu (traditional Han clothing) photography events.
The statue of the Tang Dynasty monk Jianzhen, Photo by Bastille Post
The Yangzhou China Grand Canal Museum, located in the Sanwan Scenic Spot, is a national first-class museum. It houses over 10,000 artifacts related to the Grand Canal, spanning from the Spring and Autumn Period to the present day. A key exhibit is a 25-meter-long cross-section of the Bian River channel, retrieved intact from an archaeological site in Henan Province. Layers of bed soil from different dynasties are stacked, allowing visitors to see a cross-section of time itself.
The Yangzhou China Grand Canal Museum, Photo by Bastille Post
A key exhibit is a 25-meter-long cross-section of the Bian River channel, retrieved intact from an archaeological site in Henan Province. Photo by Bastille Post
The museum houses over 10,000 artifacts related to the Grand Canal, spanning from the Spring and Autumn Period to the present day. Photo by Bastille Post
Photo by Bastille Post
Photo by Bastille Post
Moreover, the museum also features a digital immersive exhibition titled "Love of the River". In 2014, Yangzhou led 35 cities along the Grand Canal in successfully applying for UNESCO World Cultural Heritage status.
The exhibits at the museum, Photo by Bastille Post
Photo by Bastille Post
Suzhou: Spring Breathes Life into Ancient Streets and Winding Waters
On the afternoon of March 28, the delegation visited the Suzhou Pingjiang Historical and Cultural District.
Pingjiang Road is approximately 1,600 meters long, and its layout closely matches the Pingjiangtu, a city map of Suzhou in the Song Dynasty. The double-chessboard structure of "parallel waterways and land, streets adjacent to rivers" from the Tang and Song Dynasties has been preserved to the present, earning it the UNESCO Asia-Pacific Heritage Conservation Award.
Photo by Bastille Post
In the springtime, tourists and locals enjoyed themselves along Pingjiang Road, which is not a deliberately constructed tourist attraction, but a living ancient street where people still reside, run shops, and go about their daily lives. Some were even dressed in traditional costumes, strolling amidst the lively atmosphere.
Photo by Bastille Post
Near the parking area stands a building hidden within the campus of Suzhou Pingjiang Experimental School — the Dacheng Hall of Changzhou County School, the main hall of the county school. Originally built in the Song Dynasty, the current structure is a reconstruction from the Guangxu period of the Qing Dynasty, sharing the same site with the present-day school.
The Dacheng Hall of Changzhou County School, Photo by Bastille Post
As the trip drew to a close, the delegation moved to a lakeside in Suzhou, appreciating the beauty of the flower season and spring scenery.
Photo by Bastille Post
Ancient streets and waterways lay on one side, while the springtime lakeside was on the other. One side held a landscape spanning over two thousand years; the other held a modern spring afternoon. Each simply rested in its own tranquility to form a peaceful harmony.
Photo by Bastille Post
Photo by Bastille Post
