An Irish exporting company has announced a €19m partnership during the first stage of this week's trade mission to China.
Minister for Jobs, Enterprise and Innovation Richard Bruton is attending the signing of the agreement in China this morning.
90 Irish companies are involved in the trade mission which Taoiseach Enda Kenny will lead from tomorrow.
Shenzhen in southern china is the country's manufacturing heartland, and home to thousands of plants making electronics products for world markets.
Dublin-based chip designer Movidius today announced a partnership with China based electronics supplier Keenhigh which see its chips embedded in several different high tech consumer products such as 3D converters.
Keenhigh, which produces for several international brands, expects to sell products valued at €19m based on the multimedia processor designed by Movidious - the Irish companies share of the deal was not disclosed.
Mr Bruton said the announcement shows what is possible for Irish companies in China and that a powerful base of indigenous exporting businesses would be key to building a sustainable recovery.
Minister Bruton has also met several Chinese companies in the telecoms, financial and elecronics sectors which are being targeted by the IDA for investment in Ireland.
Mr Kenny will join the trade mission in Shanghai tomorrow and will meet senior Chinese leaders in Beijing next week.
