NANJING, Sept. 18 (Xinhua) -- The Wuxi Hi-Tech District Comprehensive Bonded Zone in east China's Jiangsu Province hosts a cluster of high-tech enterprises producing essential products and components that drive emerging industries such as AI, cloud computing, 5G and the Internet of Things (IoT).
Among them is Finisar Wuxi, a subsidiary of Coherent, a U.S. manufacturer of optical materials and semiconductors. Established in 2011 in the comprehensive bonded zone, Finisar Wuxi at present mainly manufactures optical transceivers and components for clients around the world.
At a press briefing held in the bonded zone this week, Finisar Wuxi revealed that it has expanded its production capacity at the Wuxi site, with cumulative investment at the site having reached approximately 460 million U.S. dollars.
Explaining the increased investment at the Wuxi production line, the company said it has capitalized on the explosive growth of OpenAI and cloud computing since the second half of 2023, developing cutting-edge optical modules and expanding production despite trade and tariff challenges.
In February 2024, the company launched a new project adding 8 million units of high-speed optical transceiver capacity annually. Additional expansions include a recent application for an 8-million-unit 800G optical module production line and plans to produce optical circuit switches (OCS) in Wuxi, according to the company.
Data provided by the firm showed that in the first eight months of this year, the company's industrial output value reached 8.63 billion yuan (about 1.2 billion U.S. dollars), up 29 percent year on year. Its total import and export value also grew more than 26 percent during the same period, demonstrating strong growth.
According to a company source, the decision to increase production investment is attributable to China's strengths in manufacturing, research and development, and the company also considers whether it can meet production targets with limited resources and within a set timeframe when making investment decisions.
The source also revealed that a key priority for Finisar Wuxi now is identifying new sites within the zone to support its expanded production.
With emerging industries such as AI experiencing rapid growth in major markets including China, the production capacity expansion in related industries has reflected China's enduring appeal for foreign investment, stemming from the country's industrial clustering effect and comprehensive supply chain advantages, enabling firms to maximize output within limited time and resources, according to the local commerce department officials.
Wang Licheng, head of the comprehensive bonded zone's management authority, highlighted the zone's clustering effect, driven by its strengths in integrated circuits, electronics and information, and optical communications. He said that despite a challenging trade environment, the zone posted 26 percent trade growth from January to August this year, led by advanced technology sectors such as integrated circuits and optoelectronics.
Located in the zone, Jabil Circuit (Wuxi) Co., Ltd., a subsidiary of U.S. manufacturing solutions provider Jabil, is providing design and manufacturing services across electronics, communications, IoT and new energy sectors.
Although trade friction and weaker electronics demand weighed on the company's exports last year, it remains optimistic about a growth recovery in the next few years, according to Zhao Songping, the operations manager.
He said that the company has been actively optimizing its development strategies, including strengthening partnerships with China's leading renewable energy and communications enterprises, accelerating smart manufacturing upgrades and diversifying market strategies.
"With strong technical expertise, a complete supply chain in China, and the Chinese government's supportive policies, we expect our business to stabilize by 2026 and return to growth in 2027," Zhao added. ■
This file photo taken on March 25, 2025 shows Jabil Circuit (Wuxi) Co., Ltd. at Wuxi Hi-Tech District Comprehensive Bonded Zone in Wuxi, east China's Jiangsu Province. (Wuxi Hi-Tech District Comprehensive Bonded Zone/Handout via Xinhua)
This file photo taken in 2024 shows Finisar Wuxi at Wuxi Hi-Tech District Comprehensive Bonded Zone in Wuxi, east China's Jiangsu Province. (Wuxi Hi-Tech District Comprehensive Bonded Zone/Handout via Xinhua)
An automated guided vehicle (AGV) delivers supplies at a workshop of Jabil Circuit (Wuxi) Co., Ltd. at Wuxi Hi-Tech District Comprehensive Bonded Zone in Wuxi, east China's Jiangsu Province, on Sept. 15, 2025. (Xinhua/Liu Jiaqi)
SOURCE/AUTHOR : Liu Jiaqi - XIN HUA NEWS
Venues
No third party should interfere in territory, maritime disputes: Chinese FM spokesperson
S&P Global Ratings' affirmation of China outlook reflects recognition of country's economic resilience
China aims to achieve breakthroughs in brain-computer interface technology by 2027
Rescue underway after mountain torrents leave 10 dead, 33 missing in NW China's Gansu
With independent customs operation, Hainan Free Trade Port poised to pioneer China's high-standard opening up
Xi urges all-out rescue efforts after Gansu mountain torrents cause heavy casualties
China activates Level-IV emergency response for flood control in 5 provincial-level regions
Across China: North China night market offers a cyberpunk feast for the eyes and the stomach
Think tank report highlights China's ecological governance innovation, global impact
Chinese scientists develop smart surveillance system to control mosquito-borne diseases
Letter from China: Robots take center stage at Beijing expo, pointing to tech revolution
China Focus: Paired assistance program improves access to quality health care for Xizang residents
Column: China-proposed global AI cooperation organization expected to narrow global tech gap
Factbox: China witnesses remarkable progress in data sector in 14th Five-Year Plan period
China urges Japan to be prudent on historical issues such as Yasukuni Shrine: spokesperson
Books of Xi's discourses on adhering to deepening reform comprehensively published
Chengdu World Games closes, highlighting inclusiveness, sustainability, innovation
Xinhua Headlines: Host city of 2025 World Games unfolds new vitality in opening wider to globe
Uzbek edition of "Xi Jinping: On Respecting and Protecting Human Rights" launched in Uzbekistan
China Focus: China's expanding national park system delivers breakthroughs in wildlife conservation
Xinhua Headlines: China's factories trade smoke for sustainability through green innovation
Xi urges concerted efforts for modernization when meeting representatives from across Xizang
Tourist train with elderly-friendly modifications departs from Harbin for grassland trip
Xinhua Headlines: Setting sail again from China, SCO charts course for shared future
Xinhua Headlines: Expo facilitates smart, green cooperation between China, Arab states
Update: China int'l trade representative holds talks with U.S. officials, business representatives
(V-Day) Xi Focus: Xi hails "unstoppable" national rejuvenation at V-Day commemorations
Xi Focus: Xi addresses V-Day reception, stressing justice, peace, people's strength
Commemorative stamps issued to mark 80th anniversary of victory against Japanese aggression, fascism
Xinhua Headlines: Xi makes three proposals at virtual BRICS Summit to cement solidarity, advance cooperation
Solar panels light the way to rural revitalization in China's Qinghai-Tibet Plateau
Over 2,000 exhibitors join expo highlighting vitality of China's culture, tourism industries
Sand control projects launched to improve ecological environment of Kubuqi Desert in Inner Mongolia
China Focus: 2,200-yr-old engraved stone discovery illuminates Chinese civilization on
Xinhua Commentary: Free trade, AI make China-ASEAN economic cooperation closer, more fruitful
Major Xinjiang port handles over 7,000 China-Europe freight train trips this year
SichuanMosaics | First mountain and lake circling festival of Lugu Lake kicks off in SW China's Sichuan
China's V-Day commemorations enhance confidence in advancing national rejuvenation: Xi
China's Hani terraces illustrate the Chinese philosophy of living in harmony with nature
Xinhua Headlines: Chinese commemorate outbreak of war against Japanese aggression with hopes for peace
Explainer: Why the September 18th Incident was a key event in the World Anti-Fascist War
Xinhua Headlines: Jingdezhen: China's ancient porcelain capital turns young and chic
Xi leads central delegation to Urumqi for 70th anniversary of Xinjiang Uygur Autonomous Region
South China's Guangdong raises emergency response to highest for approaching typhoon
Xi's Album | Xi leaves for Beijing after attending celebrations for Xinjiang Uygur Autonomous Region's 70th founding anniversary
Xi attends grand gathering in celebration of Xinjiang Uygur Autonomous Region's 70th founding anniversary
13th China (Mianyang) Science and Technology City Int'l High-Tech Expo opens in China's Sichuan
Xinhua Headlines: World's highest bridge opens to traffic in China's mountainous southwest
China Focus: Million-year-old skull from central China rewrites human evolution timeline
Update: China expected to handle 2.36 billion passenger trips in upcoming holiday
Update: China's water conservancy investment to exceed 5.4 trln yuan during 2021-2025 period
China Focus: Honoring WWII victory, China gains strength for national rejuvenation
GLOBALink | African attendees to internet forum seek deeper cooperation with China
China Focus: Innovative cultural tourism heats up China's eight-day holiday market
China's transportation network sees travel peak on 1st day of National Day holiday
China achieves milestone in compact fusion project with key component installation
Xinhua Headlines: From logging to guardianship: How China protects green source of its
China's 2025 box office surpasses 2024's full-year gross, with local films dominating
GLOBALink | Global insiders discuss circus arts and performance in China's circus festival
Xinhua Headlines: How small county in north China becomes magnet for global acrobats
Enhe Village in China's Inner Mongolia draws tourists with blend of Chinese-Russian culture
Tourist destinations across China see surge in visitors during National Day holiday
Economy&life | Eight-day holiday in China sees unprecedented people flows, consumption nationwide
Xinhua Headlines: Gaza conflict -- Two years of devastation and dim prospects ahead
60"FlyOverChina | Nature's red carpet unrolled: Biodiversity haven in Shandong's coastal wetlands
Xinhua Headlines: Surge in Chinese holiday travelers boosts European tourism, cultural exchanges
China logs 2.4 billion cross-regional passenger trips during holiday travel surge
Column: From Beijing to Beijing: 30 years on, the song of women's empowerment rings clearer and louder
Participants attend opening ceremony of Global Leaders' Meeting on Women in Beijing
China Focus: 2,300-year-old Chinese silk manuscripts finally return home after decades abroad
Xinhua Commentary: More joint action needed to promote women's development worldwide
Across China: Beyond the steel span -- world's highest bridge uplifting China's mountainous southwest
Economic Watch: China's core inflation hits 19-month high, signaling firmer domestic demand
Explainer: How China fosters growth, innovation amidst global uncertainties through past Five-Year Plan
Xinhua Headlines: China's economy shows stable growth trend with positive factors accumulating
Xinhua Headlines: CPC plenum concludes, adopting recommendations for China's 15th Five-Year Plan
Chinese scientists make breakthroughs in longer-lasting, safer solid-state batteries
Chinese, African experts join force to advance collaboration on food security, agricultural modernization
Xinhua Headlines: Charting a new chapter for Asia-Pacific development through unity, responsibility
Economic Watch: FAW-Volkswagen marks 30 millionth car as China's auto confidence grows
Xi says China ready to work with Japan to build constructive, stable bilateral relations
Xi says China ready to strengthen synergy of development strategies with Thailand, share development experience in new era
Three Gorges project generates over 423 bln kWh of electricity in past five years
GLOBALink | Scholars explore global perspective on China's war of resistance against Japanese aggression
Chinese scientists conduct detailed analysis of key water source in Qinghai-Tibet Plateau
Comments (0)
No comments yet. Be the first to comment!
Leave a Comment