News Snapshot:
The Shanghai municipal government is rolling out a slew of generous incentives to attract talent and firms along the semiconductor supply chain, as part of China’s drive to fast track domestic chip industry development. According to a government policy document published on Wednesday, the Shanghai government will subsidise up to 30 per cent of investment – up to a total of 100 million yuan (US$15 million) – in semiconductor materials and equipment projects in the city. It will also subsidise 30 per cent of investment in chip software projects, such as electronic design automation (EDA) tools, up to the ceiling...
