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.
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