Shanghai, NXP Semiconductors to Deepen Cooperation in Automotive Semiconductor Sector

Shanghai Mayor Gong Zheng met with Kurt Sievers, the CEO of NXP Semiconductors, on July 3. The meeting underscored Shanghai's strategic focus on becoming a global hub for integrated circuits and other advanced technologies. Gong highlighted Shanghai's efforts to build "five centers" and foster new productive forces, positioning the city as a leader in integrated circuit technology and other key industries.

Gong emphasized the rapid growth of the automotive semiconductor sector and welcomed multinational corporations like NXP to leverage China's opportunities. He assured that Shanghai would continue to provide a market-oriented, rule-of-law, and international business environment, ensuring that favorable policies are directly accessible to enterprises. This environment is designed to support the rapid development of companies in the city.

Sievers acknowledged the technological advancements and innovation of Chinese companies, which have made them global leaders in many fields. He noted that China is now NXP's largest single market globally. Sievers expressed gratitude for Shanghai's open ecosystem, which has facilitated NXP's integration and collaboration with Chinese partners. He reiterated NXP's commitment to deepening its cooperation with Shanghai, aiming for mutual growth and success.

The meeting highlighted the strategic importance of Shanghai as a hub for advanced technologies and the growing significance of the automotive semiconductor sector. Both parties expressed a strong commitment to deepening their cooperation, leveraging Shanghai's favorable business environment, and driving mutual growth and success. The collaboration between Shanghai and NXP is expected to contribute to the development of the integrated circuit industry and other advanced technologies in the region.