Vice-premier calls for more chip support

Liu highlights formulation of industrial policy in line with national conditions

Vice-Premier Liu He has called for efforts to mobilize resources nationwide to promote the development of integrated circuits, and offer real national treatment to foreign chip experts, which industry insiders interpret as a signal of a new round of more flexible supportive policies for the semiconductor sector amid curbs from the United States.

During a tour to IC enterprises in Beijing, Liu said that to develop the industry, China should take advantage of a new system for mobilizing resources nationwide and should make better use of government and market resources.

He urged the government to formulate industrial policies in line with national conditions and new situations, play an organizational role in areas where the market fails and guide long-term investment in the field.