Photo taken on September 16, 2022 shows the production line at a microelectronics company in Chongchuan District, Nantong City, Jiangsu Province. (CFP Photo)

Jiangsu has recently released 26 measures to promote the high-quality development of the integrated circuits (IC) industry.

The measures cover five aspects including the enhancement of industrial innovation capacity, fiscal and tax policy, and talent development.

The province will provide funding to the newly recognized national key laboratories, technology and manufacturing innovation centers, according to the measures.

Nanjing IC Industry Service Center (CFP Photo)

Jiangsu will also encourage the research, development and manufacturing of high-end IC equipment, assist SMEs in intelligent transformation with consultancy services, and support enterprises to pursue high-end, digital, green and service-focused growth.

The province will offer financial support to eligible enterprises and implement preferential tax policies, according to the measures.

In addition, Jiangsu will strengthen the support for IC-related academic disciplines in universities, increase funding, expand the scale of student enrollment, and give financial support to universities that offer doctoral and master's degree programs.

In the Yangtze River Delta, efforts will be made to encourage the upstream and downstream enterprises to form innovation alliance, improve full-fledged IC industry chain, and deepen the cooperation led by top companies.