National Technology and Inovance Technology Deepen Strategic Cooperation

People’s Finance News, April 7—Recently, State-owned Technology Co., Ltd. (abbreviated as “State-owned Technology”) and Shenzhen Inovance Technology Co., Ltd. (abbreviated as “Inovance Technology”) officially signed a strategic cooperation agreement in Shenzhen and set up the “Inovance Technology—State-owned Technology Strategic Joint Working Group.” The parties agreed to carry out in-depth cooperation around core industrial automation areas such as servo systems, variable frequency drives, and programmable logic controllers (PLCs). State-owned Technology will provide Inovance Technology with core underlying chip technology support, and together will promote independent innovation and intelligent upgrading in the industrial control sector.

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