According Cangzhou Daily reported, February 3 morning, Cangzhou New District 6 billion yuan total investment of 8-inch IC chip manufacturing project was formally signed. Riverside Municipal Committee, vice mayor Chen Ping, Municipal Committee, vice mayor Gu Falin attended the ceremony.IC chip industry is strongly advocated the development of strategic emerging industries, is the IT industry in the basic industry. 8 inches IC chip manufacturing project located in Cangzhou, will attract the chain drive integrated circuit design and packaging and testing industry, under the new economic boost for the local implementation of the innovation-driven strategy normality, the transformation of economic development mode, adjust the industrial structure is of great strategic significance .It is understood that the project by Sun Development Co., Ltd. and its investment in the establishment of wholly foreign-owned enterprises in Changsha - Changsha, a core IC Co., Ltd. jointly set up a joint venture as a principal investor, major construction workshop, design center and staff quarters construction area of 200,000 square meters, construction period of 18 months; the design capacity to produce 80 000 8 inches integrated circuit chip; put into the annual direct sales revenue of 5.0 billion, profits of 1.6 billion yuan, 700 million yuan of tax.