The Chinese government will give strong support to the chip industry at the national level, a Chinese official said today.
Tian Yulong, the chief engineer of the Industry and Information Technology of China (MIIT), introduced the development of China's chip industry in a press conference on the morning of March 1.
Chip integrated circuits are the cornerstone of the information society, and the high-quality development of the chip industry is related to the development of the modern information industry and industrial chain, Tian said.
The Chinese government attaches great importance to the chip industry and integrated circuit industry, and has issued policies to promote the high-quality development of the integrated circuit industry and software industry, he stated.
"The chip industry needs to strengthen cooperation on a global scale to build a chip industry chain together to make it more sustainable and provide support for the development of information technology in China and globally," Tian said.
China's IC sales revenue reaches RMB 884.8 billion ($136.8 billion) in 2020, with an average growth rate of 20 percent, three times the growth rate of the global industry in the same period.