China's Shanghai to ramp up high-tech investments

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China's Shanghai to ramp up high-tech investments
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BEIJING : China's financial hub of Shanghai will promote investments in specialized technology including chip design, circuitry and artificial intelligence as the country pushes forward with a move toward tech self-reliance.The city plans to provide investment help for certain qualified semiconductor proj

BEIJING : China's financial hub of Shanghai will promote investments in specialized technology including chip design, circuitry and artificial intelligence as the country pushes forward with a move toward tech self-reliance.

The city plans to provide investment help for certain qualified semiconductor projects with up to 100 million yuan in support, a statement from the government said. The broad aim is to boost investments, enhance industrial development and speed up the construction of modern industrial systems, the government said.

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