Zhangjiang Hi-Tech Park
| Zhangjiang Hi-Tech Park | |||||||
| Simplified Chinese | 张江高科技园区 | ||||||
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| Traditional Chinese | 張江高科技園區 | ||||||
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| Transcriptions | |
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| Standard Mandarin | |
| Hanyu Pinyin | Zhāngjiāng Gāokē Jì Yuánqū |
The Zhangjiang Hi-Tech Park is a technology park in the Pudong district of Shanghai, China. It is operated by Zhangjiang Hi-Tech Park Development Co., Ltd. The park specializes in research in life sciences, software, semiconductors, and information technology. As of 2009, there were 110 research and development institutions, 3,600 companies and 100,000 workers located in the technology park. In some circles the park is also known as China's Silicon Valley.
The Zhangjiang Hi-Tech Park was established in July 1992. It is situated in the Pudong New Area with a total area of 25 square kilometres (9.7 sq mi). The park is made up of the following areas: the Technical Innovation Zone, the Hi-Tech Industry Zone, the Scientific Research and Education Zone, and the Residential Zone.
In August 1999, the Shanghai Municipal Committee and Municipal Government developed a strategy and accompanying report called "Focus on Zhangjiang." The report identified that investments from the IC industry, the software industry, and the biomedical industry would be targeted. They were seen as the industries which should have leading roles in innovation and that would drive future economic growth and higher employment in Zhangjiang Town and the Hi-Tech Park.
The park is classified as a Special Economic Zone.
Major companies that have a presence in the park include life science firms GSK, Roche, Eli Lily, Pfizer, Novartis, GE, and AstraZeneca. Internet technology firms include Hewlett-Packard, Lenovo, Intel, and Infineon. Software firms include IBM, Citibank, eBay, Tata Consultancy Services, Infosys, and SAP AG. Chemical companies include Wison Group, DSM, Henkel, Dow, Dupont, and Rohm and Haas. Semiconductor firms include Semiconductor Manufacturing International Corporation (SMIC), Hua Hong NEC, Grace Semiconductor, Spreadtrum, and VeriSilicon. Other firms present include Asia-Pacific Software, Sony, Bearing Point, Kyocera, Cognizant, TCS China, Satyam and Applied Materials. There are also a multitude of biotech firms, over a hundred of them being domestically owned companies.
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