Biz / Tech

Shanghai chip industry to be worth 100 billion yuan

Annual revenue from Shanghai's integrated circuit sector will hit 130 billion yuan (US$19.1 billion) in 2020, compared with 80 billion last year.

Annual revenue from Shanghai’s integrated circuit sector  will hit 130 billion yuan (US$19.1 billion) in 2020, compared with 80 billion last year, becoming a new 100-billion-yuan industry for the city.

Investors are interested in chip-related projects for various applications and industrial upgrades, industry officials told a forum held in Zhangjiang today. The majority of Shanghai’s chip firms, including SMIC, Huali and Huada Semiconductor are located in Zhangjiang, the technology highland of Shanghai.

Applications like industrial control and 5G, the next-generation of mobile communication to debut around 2020, will fuel demand for chips, semiconductors and venture capital firms.

The software park has established an incubation base, covering the latest developments in chips, online education, smart manufacture and blockchain. The park’s incubation base also signed a partnership agreement with firms and research organizations today, including UCloud and Shanghai Jiao Tong University.



Zhu Shenshen / SHINE

Firms, researchers and venture capitalists shared opinions in Zhangjiang today.

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