China Publishes Policies on IC and Software, Pushing Integration
On August 4, Chinese State Council published 'Policies to promote high-quality development of the integrated circuit and software industries in the new era.' The national strategy is designed to further optimize the developing environment, enhance innovation ability and increase international cooperation in IC and software areas.
New policies cover multiple aspects including accounting & tax, financing & investment, R&D, import & export, talent and intellectual property. Any IC company or software company founded in China is entitled to benefit from the policies.