Chengdu, the capital of Sichuan province in southwestern China, has announced US$72 million in subsidies for local semiconductor projects. This initiative is part of a broader strategy to enhance the city's semiconductor sector and support China's national goal of chip self-sufficiency.
The subsidies, unveiled on Thursday, will specifically support major projects in integrated circuit manufacturing, packaging, testing, equipment, and materials. The announcement was made by Chengdu's Economic and Information Technology Bureau, as reported by the Chengdu Daily.
In addition to the project subsidies, Chengdu is offering significant incentives to attract and retain top talent in the semiconductor field. This includes an annual award of 500,000 yuan plus a one-time 3 million yuan award for individuals, and 15 million yuan in support for each team.
This substantial investment in Chengdu's semiconductor industry follows a similar move by Nanjing, which recently announced a program offering up to 20 million yuan in subsidies to semiconductor firms in its Jiangbei New District.