Chinese city of Shenzhen offers free money for chip industry

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Chinese city of Shenzhen offers free money to boost chip industry

The city has a laundry list of achievements it hopes to make through the program: 21 to be exact.

That list includes finding breakthroughs in core products, improving manufacturing capabilities, catching up with high-end packaging and testing, accelerating compound semiconductor and electronic design automation technology, growing import and export trade, and more.

Its inclusion provides a hint that China may see the immature tech as a way forward during a time of restrictive US sanctions.31 Chinese firms to a list that effectively bars them from importing American chip and manufacturing tools. The US Bureau of Industry also recently revised rules on exporting semiconductor electronic design software and test equipment.a requirement for US companies that make chip equipment to receive explicit licensing before exporting to China.

The Shenzhen Municipal Development and Reform Commission encourages"relevant units and people from all walks of life" to give feedback on the proposal before November 8, 2022. ®

 

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