SAIC: it will carry out strategic cooperation with Shanghai Micro Technology Industry Research Institute and jointly initiate the establishment of a special fund for domestic automotive chips
On January 27, SAIC Group officially announced today that it will carry out strategic cooperation with Shanghai Micro Technology Industry Research Institute (hereinafter referred to as the Industrial Research Institute) and jointly launch the establishment of a multi billion yuan "special fund for domestic automobile chips".
The two sides will take this as a link to connect their advantageous resources, jointly promote the accelerated implementation of vehicle regulation level "China core", and ensure that the automobile industry chain and supply chain are independent and controllable.
The fund will actively promote the R & D and production of high-performance automotive chips and investment in automotive electronics entrepreneurship projects. In the future, it will become an open platform to attract more social funds.
This text is a result of machine translation.
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