Benzinga | Nov 17, 2021 08:32AM EST

Ambow Education Holding Partners With Universities, Industry Leaders To Build New IC Talent Ecosystem; Terms Not Disclosed

Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE:AMBO), a leading cross-border career educational and technology service provider, today announced that it has entered into strategic cooperation agreements entitled "Building Integrated Circuit ("IC") Talents Ecosystem" (the "Agreements"), with North China University of Technology, China Advanced Semiconductor Industry Innovation Alliance (CASA), and H3C Technologies Co., Ltd. (H3C). Ambow finalized the Agreements during the Integrated Circuits Industry Education and Training Forum, an Ambow-sponsored event at the Fourth Semiconductor Intelligence Conference 2021 in Zhuji, Zhejiang.

Pursuant to the Agreements, Ambow will join forces with the above organizations with the goal of connecting universities, enterprises and industry leaders to jointly cultivate a new IC talent ecosystem. Ambow will conduct project, practice and theory training, as well as co-developed disciplines to assist in the design, planning and implementation of an integrated circuit talent training system.

Dr. Jin Huang, President and Chief Executive Officer of Ambow, commented, "Throughout our 21-year history, Ambow has been committed to integrating domestic and international industry requirements into China's broader education system. Beginning with our groundbreaking master's degree program in software engineering, we have helped dozens of colleges and universities improve their talent training capabilities across multiple disciplines, thereby creating strong talent pipelines for a wide range of industries. We look forward to leveraging our vast experience and rich resources and working with universities and industry partners to jointly build a new IC talent ecosystem."