Chongqing: Set Up 50 Billion Yuan Fund To Support The Development Of Integrated Circuit Industry

- Oct 20, 2018-

According to chongqing economic and information commission, chongqing will set up a semiconductor industry development fund with a total scale of 50 billion yuan to accelerate the development of integrated circuit industry.
The integrated circuit industry is a typical talent - intensive, technology - intensive and capital - intensive industry.According to the chongqing economic and information commission, several policies make detailed plans in the aspects of platform support, research and development support, investment support, enterprise cultivation, talent support and service guarantee, and comprehensively support the development of integrated circuit industry.
One of the key is to set up chongqing semiconductor industry development fund.According to the plan, the fund will provide financial support of up to 5 million yuan for integrated circuit projects with an actual investment of more than 20 million yuan.We will support projects with an actual investment of more than 500 million yuan with a maximum discount interest of 20 million yuan.
In addition, chongqing will provide up to 20 million yuan of research and development support to the national IC innovation center for three consecutive years.Chongqing IC public service platform will also be built to provide relevant enterprises with electronic design automation tools, intellectual property pool, testing and other public services at cost.
Integrated circuits, dubbed "modern industrial grain", are the cornerstone of the new generation of information industries such as the Internet of things, big data and cloud computing.Chongqing is one of the earliest cities to develop the integrated circuit industry in China. There are about 20 integrated circuit enterprises, covering the whole industrial chain of IC chip design, manufacturing and packaging.