China's 120 billion yuan chip industry support fund will be established
The chip industry related to information security has been upgraded to a national strategic height. A reporter from China Securities News recently learned that the state will invest heavily to support the development of the integrated circuit industry. The 120 billion yuan national chip industry support fund is expected to be announced in the near future. Analysts said that with the escort of the national team funds, the equipment, design, manufacturing and packaging enterprises of integrated circuit chips are expected to usher in rapid development.
Corporate operation
At present, China imports more than 190 billion dollars of integrated circuit chips every year, comparable to crude oil imports. How to get rid of external dependence and gradually realize domestic substitution is the top priority of China's information technology localization. According to the reporter of China Securities News, the country has now completed the Outline for Promoting the Development of the Integrated Circuit Industry, which clearly supports the development of the integrated circuit industry in the form of financial support and equity investment funds.
A person in the industry said frankly that capital has become the main bottleneck restricting the development of the integrated circuit industry. "Over the past decade, China's integrated circuit industry has invested more than 100 billion yuan in science and technology, but compared with large international enterprises, the domestic industry wide investment is only 1/6 of Intel's." He said that the importance and necessity of capital in promoting the development of the integrated circuit industry had been recognized, and the way of government financial guidance and equity investment funds working together was considered an effective means.
The above said that under the guidance of this idea, the National Chip Industry Support Fund is expected to be announced recently, with a scale of 120 billion yuan. The state allocated 40 billion yuan, and the rest of the funds were raised from the society.
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