Chinese Semiconductor Overseas Expansion: ECOVIS and Qiushiyuan Alliance Host Strategic Cross-Border Salon
Against the backdrop of booming domestic semiconductor industry in China, a growing number of enterprises are accelerating their global expansion. Nevertheless, they are confronted with multiple practical challenges concerning overseas project implementation and compliancedriven operations.
Founded in November 2015, Qiushiyuan Semiconductor Alliance is a global semiconductor industrial platform covering the full industrial chain. Aiming to foster industry collaboration and knowledge sharing, it empowers the development of the semiconductor sector at home and abroad. Recognizing ECOVIS’s global service capabilities, the Alliance coorganized the crossborder investment special salon on 18 September, with support from ECOVIS Ruide China and Shanghai K-insight Law Firm.
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The event brought together onsite overseas specialists from the ECOVIS international network, including Mr. Manh Quyngh VU, Founder of ECOVIS Vietnam Law Firm; Mr. Chai Jia Jun, Founder of ECOVIS MALAYSIA PLT; Mr. Hong Xing An, Tax Partner, of ECOVIS MALAYSIA PLT; and Mr. Jorge Parapar, Head Management Support at ECOVIS Spain’s Kerval Advisory Partners. Drawing on handson local experience, the experts addressed realworld pain points for semiconductor enterprises going global.
Presentations centred on prevalent crossborder investment risks. The four specialists interpreted investment incentive schemes, marketaccess requirements, company registration procedures, fiscaltax and R&D support policies, as well as key points for localized business operations in Vietnam, Malaysia and Spain. They sorted out highfrequency risks encountered in overseas expansion and put forward actionable countermeasures.
Mr. Chen Rongling, Chairman of Qiushiyuan Semiconductor Alliance, paid close attention to and attended the salon inperson. As a key initiator and standing director of the Alliance, Mr. Chen previously served as President and Chairman of Applied Materials China, and currently acts as Senior Advisor at ASML China. He is a recipient of the Shanghai Magnolia Award and Shanghai International Cooperation Award.
He commented at the event: “We are delighted that ECOVIS industry specialists have shared abundant practical, readilyapplicable insights for overseas expansion. This salon marks a promising starting point. We look forward to further exchanges and cooperation between both parties on diversified themes to jointly empower the growth of Chinese enterprises.”
This salon represents a significant collaborative milestone between ECOVIS International Group and Qiushiyuan Semiconductor Alliance. Moving forward, ECOVIS will continue to leverage its worldwide member firms to roll out more industryfocused events and deliver professional support for Chinese enterprises pursuing international growth.
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