Recently, Hangzhou Ruimeng Technology Co., Ltd. recently made a significant milestone by adopting the outbound processing trade mode for the first time, which involved transporting silicon wafers abroad for processing. After undergoing some measures like cutting and encapsulation, the integrated circuit chips were made and shipped back to the enterprise.

Qianjiang Customs affiliated to Hangzhou guides enterprises to adopt the outbound processing mode, which enables companies to take full advantage of domestic and overseas market resources, address weaknesses in the industrial chain, and significantly reduce production costs.

Hangzhou remains committed to supporting enterprises with similar needs by providing the support and assistance for their business in international markets, eyeing to boost stable development of Hangzhou’s chip industry.