Xi'an rides an innovation wave

In recent years, Xi'an, capital of Northwest China's Shaanxi province, has effectively utilized the Qinchuangyuan innovation drive platform, made breakthroughs in key technologies, and accelerated the cultivation of new quality productive forces.

These efforts have contributed to the building of a national comprehensive scientific center and a national technological innovation center in the city.

As a specialized service enterprise in the field of optoelectronic chips, Shaanxi Institute of Advanced Oeic Technologies Co (OEIC) has played a crucial role in bridging the gap between product development and market supply for many innovators in the photonics industry.

In March of this year, Xi'an identified the first batch of 49 enterprises among the 19 key industrial chains in the city, with OEIC being one of them. This initiative marked the implementation of a "white list" system for key enterprises, aiming to optimize incubation services for high-tech enterprises.

The Silk Road Science City, where OEIC is located, has focused on key and core technology, emphasizing areas like optoelectronic information, new energy vehicles, biomedicine, intelligent manufacturing, and strategic emerging industries. This focus has propelled Xi'an towards a new level of high-quality development.

The Silk Road Science City has attracted over 100 enterprises in the integrated circuit industrial chain, establishing itself as one of the world's most significant flash memory chip production bases.

The rapid progress in the Silk Road Science City serves as a vivid example of Xi'an's accelerated development of the "dual centers" and the expedited cultivation of new quality productive forces.

To provide innovative enterprises with more inclusive, reliable, and diverse financing channels, Xi'an has optimized its comprehensive financial services throughout the entire chain.

From January to May this year, Xi'an had served 320 science and technology companies through financial service companies. The revenue from technology service enterprises above a designated size in the first four months of the year reached 28.73 billion yuan, up by 17.8 percent year-on-year.