New moves to boost key industries
Print Edition
Shanghai is stepping up support for the integrated circuit and software industries as it rolls out new measures to boost the strategic sectors, according to the Shanghai Development and Reform Commission.
The measures follow government consultation with key industry players, and are the latest response to changes in the domestic and foreign environments.
“As the industrial chain of industries get more comprehensive in Shanghai, policies have to be improved to enhance support for them,” said Qiu Wenjin, deputy director at the commission. “The policy introduced in 2017 has expired and some measures are out of date, falling behind the latest trends.”
The 27 new measures focus on six key areas, including talent support, enterprise incubation, financing support and R&D, aimed at expanding the scale of the industries and attracting more talent.
High-level talents
Good practices of the former policy will be kept while adding some new ones called on by industry leaders.
As an intelligence-intensive sector, the integrated circuit and software industries need high-level talents, which is a key part of the new policy.
Aside from improving the reward mechanism, the changes stress attracting and retaining talent, including housing incentives.
Universities will shoulder the major talent-training task in return for access to companies’ production lines.
Compared with the emphasis on manufacturing in the past, the new policy stresses materials, key parts and equipment.
“Key equipment and core materials to produce integrated circuits are the most basic weak link in the country’s integrated circuit industry. The new policy will hopefully lead to breakthroughs in such fields during the 14th Five Year Plan (2021-2025),” Guo Yiwu, Shanghai Integrated Circuit Industry Association secretary-general, said.
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