Recently, in Laoshan District, Qingdao, Goertek has officially launched the second - phase of its virtual reality device project. This ambitious endeavor comes with a substantial total investment of 1.6 billion yuan. In the English - speaking business world, when announcing a major project, using phrases like "officially launched" can better convey the formal and significant nature of the event compared to a simple "commenced". The project is anticipated to reach completion by 2027. Once finished, it will set up a production line that stands at the forefront of the industry. This line will be dedicated to the manufacturing of VR devices and AI smart glasses. In Western business contexts, "stands at the forefront of the industry" is a more commonly used and impactful way to describe a leading position, rather than just "industry - leading". This development will play a crucial role in helping Qingdao transform into a central hub for the VR industry.