State Council to promote global cooperation of integrated circuit and software industries

The State Council issued several policies on promoting high-quality development of the integrated circuit and software industries

The State Council issued several policies on promoting high-quality development of the integrated circuit and software industries, which stipulated that all the integrated circuit and software companies established in China, regardless of the ownership, should be allowed to enjoy the preferential policies in accordance with relevant regulations.

The policies aim to encourage and advocate global cooperation of the integrated circuit and software industries, by actively creating a market-oriented, law-regulated, and internationalized business environment for various market players to invest and start businesses in China.

In order to further optimize the environment for the development of the industries, measures in response to the policies are proposed to be made from eight perspectives regarding finance and taxation, investment and financing, research and development, import and export, talent, intellectual property, market application and international cooperation.

The policies advocate vigorously cultivating enterprises in the integrated circuit and software industries, and strengthen the building of relevant majors in college as well as the intellectual property protection system.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/08/06/state-council-to-promote-global-cooperation-of-integrated-circuit-and-software-industries/.

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