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Overview
Industry Status
The IC industry is a strategic, fundamental and pilot industry for China's national economic and social development with high transformative potential and value-add. Developed countries and many newly industrialized countries and regions strive to develop the IC industry because of this and their potential multiplier effect.

The Chinese Government places important emphasis on domestic R&D and innovation of the semiconductor industry. In 2011, the State Council by its No.4 Directive “Certain Policies on Further Encouragement of the Development of the Software and IC Industries” announced systematic support of the IC industry in various areas such as taxation, financing, research & development, import & export, human resources, and intellectual properties In June 2014, the State Council further promulgated its “Development Framework of the National IC Industry”, spelling out explicit targets and priorities in the various segments of the industry and giving funding support to the establishment of industry funds.

Benefitting from the favorable policies of national and local governments, the domestic, Chinese IC market is continuing its rapid growth. The shifting of market focus from Europe and the United States to the Asia-Pacific region, especially China, is creating considerable investment opportunities in China's IC industry.