Editor's note: This report focuses on Quanzhou as part of our special series, "Rising Star Cities," about Chinese cities whose annual GDP exceeds 1 trillion yuan ($155 billion). At the end of 2021, there were 24 such cities. Click here for more stories on Quanzhou, an ancient trading hub known for its cultural diversity. You can also explore our earlier coverage of Ningbo, Changsha and Chongqing.

Quanzhou is fast becoming a destination of choice for advanced technology companies like chip firms, due to its semiconductor value chain. CGTN's Michael Wang spoke to Nie Yongzhong, founder and chairman of semiconductor company FATRI Group based in Quanzhou, Fujian province to find out how the ancient city is banking on modern technologies to move up the value chain.