The current issue is that the City Government is already building a chip research base. If Yang Chen were to build another chip research base right across, it would obviously be a waste of resources, and the approval definitely wouldn't go through.
Therefore, Yang Chen came up with a solution. Instead of applying under the name of a chip research base, he would apply for land use under the guise of a comprehensive research facility.
Chip research is just one of the projects, along with controlled nuclear fusion and others.
Although these projects might sound far-fetched at the moment, since Yang Chen is personally funding the research without state aid, the government would surely be open to letting him try.
According to his plan, he would first form a company named Chenguang Technology Group, and the research base would be under this group.
The equity distribution for Chenguang Technology Group is as follows.
Yang Chen holds 67% of the shares, achieving absolute control.
