Hong Kong electronics company to launch SA operation
The South Australian Landing Pad program has given Hong Kong tech business CVX Semiconductor a helping hand to launch in SA.
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Hong Kong tech firm CVX Semiconductor will launch a local operation after being awarded a place in the South Australian Landing Pad program.
The Landing Pad program is a conduit for companies looking to expand into SA, creating connections between vendors, business partners, customers and collaborators.
CVX Semiconductor specialises in next generation power electronic devices and circuits and it is a joint venture between Hong Kong’s VX-Power and Canaan Semiconductor.
The company will set up its semiconductor engineering and research capability in Adelaide, including a reliability testing laboratory.
CVX Semiconductor plans to expand its operations and begin manufacturing wideband gap devices, a growing global market segment for components used in products such as electric vehicle charging stations and wireless phone chargers.
Trade and Investment Minister David Ridgway said CVX’s move to SA would boost the state’s manufacturing capability and bring a new level of tech innovation.
“The Adelaide facility will mean IP is being developed, commercialised, manufactured and exported from Adelaide. It will also operate as a research and development centre for high-powered devices and circuits for VX-Power based in Hong Kong,” he said.
“SA has a deep automotive and defence manufacturing history – a strong base for new and existing manufacturers to pivot into advanced industries including automation, defence photonics and frontier materials.”
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The company already has staff on the ground at Stone & Chalk at Lot Fourteen, who are focused on establishing the business and initial operations in Adelaide.
It will use the Landing Pad support to explore more permanent accommodation and manage the migration of key talent to SA, in order to start on local technology transfer and research and development projects with universities and businesses.
Details on Landing Pad program eligibility is available at dtti.sa.gov.au/investment/ south-australian-landing-pad