IAB industries represent the next generation of information technology, artificial intelligence and biomedicine, which are considered powerful engines of growth for Guangzhou's economy.
According to Guangzhou's comprehensive goal for IAB industries, the output value of IAB industries will hit one trillion yuan ($157 billion) by 2022. By that time, Guangzhou will have finished building itself into a world display capital, an international software city, a first-rate AI Application Demonstration Zone and an influential biomedicine hub.
Guangzhou International Bio Island. [Photo/gzdaily.dayoo.com]
Guangzhou's IAB industries are mainly involved in things like new displays, integrated circuits, industrial internet, internet of things, cloud computing, big data, blockchains, smart robots, smart vehicles, artificial intelligence, biological medicine, high-end medical equipment, stem cell therapy, regenerative medicine, precision medicine, gene testing, and so forth.
Self-driving cars made by Pony.ai hit the road in Nansha district, Guangzhou on Feb 2. [Photo/Southcn.com]
Key IAB industrial parks in Guangzhou include the Haizhu Pazhou Internet Innovation Cluster, Zengcheng New Display Value Innovation Par, Guangzhou Tianhe Software Park, Panyu Smart City Value Innovation Park, and Huadu Civil-Military Integration Innovative Industrial Park.
Foxconn invests over 60 billion yuan in the building of a 10.5 generation 8K display factory in Zengcheng district. [Photo/gz.gov.cn]