Benzinga | Jul 7, 2021 08:10AM EDT

Borqs Technologies Completes Manufacturing Facilities At The 5G Industrial Park Project In Huzhou, China

Borqs Technologies, Inc. (NASDAQ:BRQS, &quot, Borqs&quot, , or the &quot, Company&quot, ))))), a global provider of embedded software and products for the Internet of Things (IoT), today reported that construction of the Company's new manufacturing facilities in Huzhou, China has been completed.

For the first time since its founding in 2007, the Company has its own micro-electronics manufacturing line. Located at Huzhou South Taihu New Area of Zhejiang province, the facilities are intended to lower production costs instead of using contracted third-party facilities. Certain manufacturing activities will immediately be moved in-house. This initial phase has the capacity of up to 700,000 units of products per year depending on complexity, and can easily scale up as demand increases.