Shanghai announces significant increase in specialised technology investments
Shanghai’s ambitious goal reflects China’s broader plan to become a world leader in high-tech innovation, despite trade tensions and concerns about intellectual property rights.
China’s financial hub, Shanghai, plans to significantly increase its investment in specialised technology, including chip design, circuitry and artificial intelligence, as part of its effort toward tech self-reliance. The city plans to provide investment help for certain qualified semiconductor projects with up to 100 million yuan ($14.47 million) in support. The ambition is to enhance industrial development and speed up the construction of modern industrial systems.
Shanghai’s ambitious goal reflects China’s broader plan to become a world leader in high-tech innovation, despite trade tensions and concerns about intellectual property rights.
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