Local government officials attend the groundbreaking ceremony for key projects at Qingdao Integrated Circuit (IC) Industrial Park on June 9. [Photo/WeChat ID: qingdaozimao]

A groundbreaking ceremony for 10 key projects with a total investment of 20.1 billion yuan ($3.01 billion) kicked off at Qingdao Integrated Circuit (IC) Industrial Park on June 9.

The projects cover the fields of IC design, chip manufacturing, packaging and testing. They are expected to bolster the further development of the local IC industry, which is one of the key emerging industries in Qingdao city.

As Qingdao's first emerging industrial park, Qingdao IC Industrial Park, with a total planned area of about 200 hectares, is striving to become an important IC industrial base in northern China.

The park is located in China (Shandong) Pilot Free Trade Zone Qingdao Area in Qingdao West Coast New Area.