Date
18 November 2017

Support policies for IC board industry on the anvil, paper says

The Chinese government is said to have completed the drafting of a new round of support policies for the integrated circuit board industry, with an emphasis on supporting the design and manufacturing of such boards, the China Securities Journal reported Monday, citing sources from within the industry. The support policies could be in place for at least ten years with investment likely to exceed 500 billion yuan (US$82.72 billion), it said. The Ministry of Industry and Information Technology had earlier announced plans to set up a 30 billion yuan integrated board equity investment fund in Beijing, in order to nurture flagship enterprises and facilitate overseas acquisitions, the report noted.

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EL/AC/RC

 

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