The first phase is worth 20 billion yuan. Guangdong Province sets up an investment fund for semiconductor and integrated circuit industry.

SMM: the 23rd China Integrated Circuit Manufacturing Annual meeting and Guangdong Integrated Circuit Industry Development Forum opened ceremoniously in Guangzhou on September 17, 2020. At the opening ceremony, the launching ceremony of Guangdong Semiconductor and Integrated Circuit Industry Investment Fund was held.

In order to accelerate the development of the semiconductor and integrated circuit industry, Guangdong Province has set up an investment fund for the semiconductor and integrated circuit industry, with a first phase size of 20 billion yuan. Led by financial funds, guide and encourage social investment, support the construction of advantageous enterprises and major projects, and promote the coordinated development of upstream and downstream industries. At the same time, the fund can also invest in a number of excellent management institutions to set up sub-funds.

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