Domestic IC sector gets US$20b lift
Print Edition
CHINA has formed a national fund of 120 billion yuan (US$20 billion) to boost development of the domestic integrated circuit industry and improve China’s position in the global technology ladder.
The new fund, which includes investors such as China Mobile and China Tobacco, will focus on IC manufacturing as well as chip design, assembly and test, and materials sectors, according to the Ministry of Industry and Information Technology.
The fund will attract capital from major enterprises and financial organizations to expand its scale, said the ministry, which didn’t reveal the fund size. But industry sources said the national fund is about 120 billion yuan.
“Chinese IC firms need national-level support when overseas giants dominate the chip market,” said Gu Wenjun, semiconductor analyst of IHS iSuppli, a US-based research company.
Intel Corp and Qualcomm Inc have dominated the market in chip manufacturing and design, industry insiders said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
