Shanghai Has Set Up 3 Funds With Total in 50 Billion RMB to Advance The Integrated Circuit Industry
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Shanghai Has Set Up 3 Funds With Total in 50 Billion RMB to Advance The Integrated Circuit Industry

Date:2015-12-01 Source:Sohu Business http://business.sohu.com/20151201/n429146874.shtml Author: Huiyun Xu
Shanghai has set up three integrated circuit industry funds totaling 50 billion RMB to support the development of integrated circuit design, manufacturing and equipment materials. On December 1 2015, the Shanghai municipal government held a press conference and Mr. Zhou Bo, the deputy mayor of Shanghai, introduced the composition of these three funds. One of these three funds is the Shanghai IC industry fund, which was supported and agreed to be set up by the Shanghai Government Executive Meeting on November 23. This fund has total funding of 30 billion RMB and focuses on the integrated circuit manufacturing and equipment industries.
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