Modern Australian
Men's Weekly

.

From Hong Kong to Global: Laservall Drives New Industrialisation and Microelectronics Innovation with HKD 300M Investment

HKSTP park company Laservall aims to advance high-precision laser technology with AI-driven automation, empowering advanced manufacturing through microelectronics innovation

HONG KONG SAR - Media OutReach Newswire - 31 March 2025 - Laservall today announced a landmark HKD 300 million (USD 38 million) investment plan for the next five years.

This strategic commitment focuses on R&D, manufacturing and technology enhancement, and tech talent development in Hong Kong. A key park company of the Hong Kong Science and Technology Parks Corporation (HKSTP), Laservall leverages Hong Kong's strategic role as the "super-connector" between the Mainland and the global market to expand its investment for further operational advancement, benefiting from the city's comprehensive innovation and technology (I&T) ecosystem and supportive policies for new industrialisation. Laservall underscores its long-term investment in Hong Kong at an event co-organised with HKSTP, celebrating the significant R&D milestone and marking the company's expanding global footprint.

Laservall today announced a landmark HKD 300 million (USD 38 million) investment plan for the next five years, celebrating the significant R&D milestone and marking the company
Laservall today announced a landmark HKD 300 million (USD 38 million) investment plan for the next five years, celebrating the significant R&D milestone and marking the company's expanding global footprint at an event co-organised with HKSTP. (From left) Mr. Vincent Lau, COO of Laservall; Ms. Dembai Cho, Co-founder of Laservall; Mr. Jeffrey Chan, CFO of Laservall; Mr. Andrew Kim, CEO of Laservall; Mr. James Kang, Chairman of Laservall; Ms. Jaeyon Lee, Consul (Commerce), Consulate General of the Republic of Korea in Hong Kong; Professor Sun Dong, Secretary for Innovation, Technology, and Industry; Ms. Lillian Cheong, Under Secretary for Innovation, Technology and Industry; Mr. Albert Wong, Chief Executive Officer of HKSTP; Mr. Oscar Wong, Head of Innofacturing of HKSTP; Ms Hilda Chan, Chief Marketing Officer of HKSTP, and Dr. Carmen Fung, Associate Director, Advanced Manufacturing and Microelectronics of HKSTP.

The company is at the forefront of driving advanced manufacturing and microelectronics innovation, and is the exclusive provider for some leading global brands. Laservall specialises in micro laser jet soldering, cutting, and marking equipment for smartphone and EV camera modules. Its high-precision solutions and automation systems serve major global clients, including Samsung, LG, Tesla, BYD, and leading manufacturers such as Foxconn, Sunny Optical, Luxshare, and OFILM.

Professor Sun Dong, Secretary for Innovation, Technology and Industry, said, "Laservall announces its plan of investing HKD 300 million over the next five years and doubling the size of its R&D team by 2026, and extending their R&D team eventually by sixfold by 2028. This not only reflects the company's commitment to innovation but also its unwavering confidence in Hong Kong's I&T industry. Its expansion at the Science Park is a perfect example of how it is leveraging Hong Kong's unique role as a 'super-connector' and a 'super value-adder' to strengthen its presence in the global market." He expressed confidence that more local companies, like Laservall, will step onto the global I&T stage and demonstrate the remarkable outcomes of Hong Kong's R&D capabilities to the world in the near future.

Albert Wong, CEO of HKSTP, remarked: "Laservall's investment and growth exemplify the robust foundation Hong Kong provides for cutting-edge innovation. As the global leader in advanced manufacturing, the company's continued commitment to R&D and its expansion in Hong Kong further solidify our city as a powerhouse for microelectronics and advanced manufacturing. This milestone is not just a win for Laservall but a significant boost to strengthening our global standing in shaping the future of new industrialisation."

Laservall: A Key Catalyst of New Industrialisation at the Heart of the HKSTP I&T Powerhouse

The Hong Kong Special Administrative Region (HKSAR) Government is committed to advancing new industrialisation in Hong Kong with an industry-oriented approach to drive diversified economic growth. Comprehensive support is proactively provided to accelerate the development of strategic industries through initiatives such as the "New Industrialisation Acceleration Scheme" (NIAS), "New Industrialisation Funding Scheme" (NIFS), and the upcoming "Pilot Manufacturing and Production Line Upgrade Support Scheme (Manufacturing+)".

The HKSAR Government is actively connecting high-potential local and overseas companies to seize the promising opportunities of new industralisation in Hong Kong. In August 2024, a delegation from the HKSAR Government visited Laservall's Smart R&D and Manufacturing Centre in Korea. The visit aimed to introduce various support measures to Laservall and strengthen collaboration on I&T between Hong Kong and Korea in strategic industries, including life and health technology, artificial intelligence and data science, advanced manufacturing, and new energy technology.

James Kang, Chairman of Laservall, said: "Laservall is proud to be a park company of HKSTP. We are a technology-focused company with significant R&D investment to tailor innovations for our clients globally. This investment will drive advancements in AI-driven automation, real-time troubleshooting, and efficiency improvements." The company also aims to double its global R&D workforce by 2026 and expand it sixfold by 2028, reinforcing Hong Kong as its global R&D headquarters, with potential plan to set up an advanced production base in the city."

Andrew Kim, CEO of Laservall, said, "The trend of utilising high-precision laser technology for camera modules is essential and rapidly gaining momentum across various industries. Hong Kong offers direct access to the vast Mainland market and international connectivity, supported by a robust I&T ecosystem, as well as favourable policies and measures for new industrialisation from the HKSAR Government and HKSTP. This gives us the confidence to expand our investments in the city, positioning us as pioneers of innovation for the next global success."

A New Chapter for Microelectronics Innovation from Hong Kong

In March 2024, Laservall established an R&D centre at Science Park, focusing on customising its solutions for industries beyond mobile phone manufacturing, including the automotive and solar energy sectors. The integration of AI into manufacturing automation, combined with its commitment to advancing the microelectronics ecosystem, aligns seamlessly with HKSTP's mission to accelerate industry transformation and drive cutting-edge technological advancements.

With 270 microelectronics-related companies within its ecosystem, HKSTP is at the forefront of microelectronics development, offering extensive infrastructure that supports the entire product lifecycle. This includes the Microelectronics Centre (MEC) at Yuen Long InnoPark, along with specialised facilities such as the Hardware Lab, Sensor Lab, and Heterogeneous Integration Lab.

Hashtag: #HKSTP

The issuer is solely responsible for the content of this announcement.

About Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 as a thriving I&T ecosystem grooming 14 unicorns, more than 15,000 research professionals and over 2,200 technology companies from 26 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.

The growing engine offers comprehensive support including R&D infrastructure, investment expertise, industry connections and more, in attracting and nurturing talent, accelerating ideation, and commercialising innovation for technology ventures, all with the I&T journey built around key locations across Hong Kong and branched towards Shenzhen to continuously contribute to the development of I&T making a pillar of growth for Hong Kong.

More information about HKSTP is available at .

Refurbished iPads Are Better Than New Ones (Here's Why)

Image by rawpixel.com on Freepik Apple's refurbished iPad program has quietly become one of the best deals in tech. While everyone obsesses over the ...

Your Guide to Finding the Right GP: What Perth City Doctors Offer Today

Choosing a General Practitioner (GP) is one of the most important health decisions you’ll make. Luckily, Perth’s vibrant CBD now hosts a new ge...

Why Every Mining Operation Needs a Robust Safety Management System

Mining is one of the backbones of the Australian economy, particularly in Western Australia. Back in 2019-20, mining contributed 10.4% of Australiaâ...

Australian Classic Literature Enjoys Resurgence

Welcome back to the good old days of storytelling! As the modern world becomes increasingly more demanding, returning to childhood favourites offers...

Building a Governance Model for Headless Content Management at Scale

Image by pch.vector on Freepik There's never been a better time to implement a headless content management system (CMS) to gain the flexibility and ...

Understanding Trade Insurance: Essential Protection for Businesses

Image by Drazen Zigic on Freepik In the current economic environment, trade insurance is an important element for companies trading both locally an...

Choosing the Right Timber for External Cladding

Timber cladding is one of those finishes that pulls double duty: it makes a building look warm and welcoming, and it quietly shields the frame from ...

Top Services Offered by Diesel Mechanics in Brisbane

Keeping a diesel vehicle running at its best takes more than the occasional oil change. When you invest in regular specialist care, you protect the ...

Top 5 Benefits of Hiring Professional House Removalists

Moving day should feel like the start of a new adventure, not the end of your patience. Yet once the settlement papers are signed and the champagne ...

Navigating the Digital Landscape: Managed IT Solutions and IT Services in Townsville

As technology advances at an unprecedented pace, companies must adapt to embrace the transformation ahead. With an evolving technology landscape, mana...

Types of Catering You Should Consider for Your Next Event

Choosing the right type of catering service can elevate your event from ordinary to unforgettable. Whether it’s an elegant wedding, corporate func...

Understanding the Benefits of Split System Installation for Your Home

Climate control is essential to maintaining comfort in your home, especially during the extreme temperatures that many regions face. Whether you’r...

Best Aluminium Window Sliding Designs for Natural Light and Airflow

Bringing natural light and airflow into a space is one of the most efficient ways to create a healthy and comfortable home. In Sydney and across Aus...

Maximising Operational Efficiency: Electric Winch Hire Australia and Hydraulic Power Pack Hire Solutions

Image by jcomp on Freepik From urban construction sites and remote mining operations to coastal maritime facilities, specialised equipment solutio...

Navigating the System: Your Guide to Support Finding Work with a Disability Around Melbourne

Image by freepik Finding the right job can be a challenge for anyone, but it can feel particularly daunting when you're also navigating life with a ...

Say Goodbye to Draughts and Hello to Savings: Your Guide to Perth Window Replacement

Image by prostooleh on Freepik Are your windows looking worse for wear? Are you paying a hefty power bill due to sneaky draughts and poor insulation...

How to Choose the Right Horse Trailer for Your Riding Needs

Many horse owners travel long distances for riding lessons, competitions, or to move horses between properties. Having a safe and reliable trailer i...

Sydney Turf Installer for Instant Green Lawns and Long-Term Performance

Having a green lawn at home makes everything look better. Whether it’s the front yard, backyard, or a small patch beside the driveway, people in S...