Now, China, in a big step towards the self -sufficiency of sheets and against the US actions designed to stop China’s technological advances, the 1 trillion yuan package ($ 143 billion) for its industry Semiconductors that prepares a pack of 1,000 yuan ($ 143 billion) is being prepared. The sources said Beijing plans to provide one of their largest five -year financial incentive packages, especially as tax subsidies and credits to strengthen semiconductor and domestic research activities.
The 1 trillion yuans package is considered mainly as tax subsidies and credits for a five -year period to support research and development, but also the production of advanced chip on Chinese soil. Much of the money is expected to be spent on the purchase of semiconductor equipment from Chinese companies.
China will have a much more direct approach to the future of industry in the formation of the future of industry, which has become the cornerstone of its technological power. Analysts say they will also probably raise more concerns in the United States and their allies about China’s competition in the semiconductor industry. Currently, some US legislators are concerned about building chip production capacity in China.
In the end, China produces chips that are probably based on RISC-V architecture in the end, and quantum calculations can also receive large capital injections. However, China’s situation is expected to get worse in the coming weeks, while Japan and the Netherlands intend to impose some or all export restrictions similar to the United States. In this case, China will no longer have access to the machines needed to produce more advanced chips than 14 Nm, which are currently three generations of advanced semiconductors.
The program was applicable as soon as the first quarter of next year, said two sources that refused to NAM because they had no permission to talk to the media. They said most donations are used to subsidize domestic semiconductor equipment by Chinese companies, especially factories or semiconductors.
The three sources said these companies have the right to receive a 20 %allowance. The Financial Support Program after the approval of the US Bureau of Commerce in October provides a number of extensive regulations, which can approve research laboratories and commercial data centers for advanced artificial intelligence chips, including other restrictions.
The United States also lobbyed some of its partners, including Japan and the Netherlands, to strengthen exports to China from the equipment used in semiconductor construction.
And US President Joe Biden in August is estimated to be a prominent bill to produce US $ 52.7 billion for US semiconductor production and research, as well as tax credit for chip plants in the amount $ 24 billion.
The sources said that with an incentive package, Beijing intends to support Chinese chips companies to build, expand or modernize internal facilities for construction, assembly, packaging and research and development.
They said Beijing’s latest program also includes preferential tax policies for the country’s semiconductor industry.
The China State Council’s Intelligence Office did not respond immediately to the request.
The sources added that these stakeholders will be public and private companies in the sector, especially large semiconductor equipment companies, such as Nura Technology Group, advanced microproduction equipment in Inc China and Kingsmi.
Some Chinese chips stocks in Hong Kong increased sharply after closing news. Corp International Semiconductor Production (SMIC) added over 8 % and sent its daily increase to approximately 10 %. Hua Hong Semiconductor Ltd was closed 17 %, while the continent markets were closed when the report was released.
Getting self -esteem in technology is prominent in President Shi Jinping’s report at the Communist Party Congress in October. It was said that the term “technology” was 40 times, 17 times in the 2017 Congress.