Since the establishment, Maxwell determines to be dedicated to independent innovation, takes the domestication of core equipment as its own responsibility, regards key technological and scientific research personnel as the cornerstone of business development, and has cultivated and solidified an industry-leading innovation team. The team is based on young and middle-aged talents, which comprises more than 600 R&D personnel with rich experience in mechanical engineering design, semiconductor technology, material physics, optoelectronic technology, electrical engineering and automation, including a cluster of senior doctors and masters, senior engineers, etc.

The R&D team of Maxwell consists of the PECVD vacuum equipment R&D unit, PVD vacuum equipment R&D unit, screen printing equipment R&D unit, laser equipment R&D unit and semiconductor thin-film process technology R&D unit, etc., and has undertaken a number of national-level and provincial-level science and technology projects.

In 2020, the Company's R&D investment is RMB166 million, accounting for more than 7.26% of the operating income. With persistent investment in scientific research, Maxwell has attained a core competitiveness in the field of high-end equipment manufacturing, which lays a solid ground for the development of Maxwell in the three major industries of PV, display and semiconductor.