As the integrated circuit industry is one of Shanghai’s key strategic emerging industries, Analog Devices, Inc, the world’s leading integrated circuit design and manufacturing company, announced it will be upgrading its Shanghai company into its China headquarters.

Fan Jianren, president of ADI China, said that the Analog Devices (China) Company will possess all-round capabilities in demand research, product design, research and development, marketing and management. More Chinese-oriented products and flexible RMB payment and settlement modes will be launched especially for the Chinese market.

Mr. Fan said that as China upgrades its industries to be more digitized, the Chinese market will play an important role in the world. National strategies in dual-cycle and new infrastructure have brought unprecedented opportunities for Chinese industries.

“The Chinese market is a leader in global economic and technological development. We believe that the growth rate in the Chinese market will be faster than that in other regions. Our business in the Chinese market will continue to account for more of the global market. This is our long-term goal," Mr. Fan explained concerning his company’s investment expansion.