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City signs strategic cooperation agreement to boost its electronics industry
    Shanghai Municipal Government and China Electronics Corporation sealed a strategic cooperation deal on Tuesday. Zhou Bo, executive vice mayor of Shanghai, and Chen Xu, deputy general-manager of CEC, signed the agreement.
    The two parties will cooperate and invest 100 billion yuan (US$15.1 billion) in integrated circuit, intelligent manufacturing, technological innovation parks, and smart city development. 
    Also, they will build a new highland for China's integrated circuit industry, upgrade the industrial platform for smart manufacturing; build research centers for smart manufacturing solutions and exhibition centers for displaying technological innovations; cooperate in artificial intelligence and the Internet of Things; and establish a cluster of emerging strategic industries.
    Also, CEC's subsidiary Huada Semiconductor Co Ltd and Shanghai Lingang Area Development Administration, and Lingang Group signed a tripartite partnership agreement on building production lines involving special techniques.
    Shanghai Mayor Ying Yong, and Rui Xiaowu, chairman of the board of CEC, also attended the signing ceremony. 
    CEC is the largest corporation in China's electronics and information industry, which has businesses in network security, integrated circuits, Hi-Tech electronics, and information service.