Shanghai Launches 50 Billion Yuan Industrial Fund to Create a New Highland in the Integrated Circuit Industry

The Shanghai Municipal People's Government and China Electronic Information Industry Group Co., Ltd. signed a strategic cooperation agreement in Shanghai on December 12 to implement the spirit of the Nineteenth National Congress of the Communist Party of China, serve the country’s innovation-driven and manufacturing powerhouse development strategy, and accelerate Shanghai’s global influence. Science and technology innovation center construction. According to the agreement, China Electronics and Shanghai Municipality will jointly organize an investment of 100 billion yuan and conduct comprehensive cooperation around such areas as integrated circuits, intelligent manufacturing, science and innovation zones, and new smart cities. The two sides will further deepen cooperation in the field of integrated circuits and create a new highland for the domestic integrated circuit industry.

In July of this year, Shanghai had already initiated a 50 billion yuan IC industry fund in Lingang area of ​​Shanghai, promoting the rapid growth of related companies in Shanghai and China, and helping to build "China Core." At the "2017 China IC Industry Promotion Summit Forum" held on October 23, Mr. Yan Shijing, Director of the Electronic Division of the Ministry of Industry and Information Technology, said in his speech that looking forward to the "13th Five-Year Plan", China's IC industry will surely usher in major development opportunities. In particular, new requirements such as building a manufacturing powerhouse have opened up new development space for the development of integrated circuits, which has transformed the integrated circuit industry from a technology-driven model to a priority model of demand and efficiency. The strategic cooperation between the Shanghai Municipal Government and the China Electronics Group has once again reached a new level in terms of investment, which will further promote the development of China's integrated circuit industry.

The domestic substitution trend of the integrated circuit industry is accelerating. The National Thirteenth Five-Year National Strategic Emerging Industry Development Plan emphasizes the importance of integrated circuit development. The current development of the integrated circuit industry has become a national long-term strategy. The government strongly supports the development of the domestic integrated circuit industry in terms of policies and capital. At the same time, Mainland China has also become an important destination for the international IC manufacturing industry. In addition, the wave of global integrated circuit mergers and acquisitions is still continuing, and these provide good conditions for the development of China's integrated circuit industry.

China Electronic Information Industry Group Co., Ltd. is China's largest state-owned comprehensive electronic information industry group, covering the fields of network security, new display, integrated circuit, high-tech electronics, and information services, and has ranked among Fortune Global 500 for six consecutive years.