China works on a over 1 trillion yuan ($143 billion) support package for Three sources said the semiconductor industry, in Basic step towards self-sufficiency in chips and face us moves Aimed at slowing down technological progress.
Beijing plans to roll out one of The largest financial stimulus packages over Five years, mainly as subsidies and tax breaks to promote semiconductor production and research activities at home, the sources said.
The plan that according to the sources can be implemented as soon Such as first quarter of next yearnot previously reported.
Most of The financial The assistance will be used to support purchases of domestic semiconductors equipment By Chinese companies, especially semiconductor manufacturing plants, the two said of Sources.
Such companies are entitled to a subsidy of 20%. on The cost of The three sources said that the purchases.
China has something to say policy Priority for the development of independent chip industry.
Finance support The plan comes after US President Joe Biden in August signed a landmark bill to save $52.7 billion in Grant for Semiconductor production in the United States and research and tax credit for It is estimated to be chip factories worth $24 billion.
with motivation packageBeijing aims to step up support for Chinese chip companies to build, expand or upgrade domestic facilities for Manufacturing, assembly and packaging research and development, the sources said.
Beijing latest plan also Includes preferential tax policies for They said that the country’s semiconductor industry.
Sources declined That their names be mentioned because they are not authorized to speak to media.
The State Council Information Office did not immediately respond to a request for comment.
