Zhejiang Province Raises 15 Billion Yuan to Join Big Fund Phase II
According to a report, Phase II funding for the National integrated circuit (IC) industry investment fund (the Big Fund) is underway, with a target goal of 200billion yuan. For its part, Zhejiang Province plans to raise about 10-15 billion yuan.
The Big Fund supports a variety of high-tech projects including IC, communication networks, new types of displays, key components and materials, cloud calculation, big data, internet of things, artificial intelligence, industry digitization, and more.
The Big Fund was founded in September 2014, initiated by various companies such as Unigroup Communication, China Mobile, and others. Phase I is complete and raised approximately 100billion yuan.
39 Projects Launched in Xiaoshan New Industry City
A launch ceremony was held May 13 in Xiaoshan New Industry City to kick off new projects for 2019. In total, 39 projects were signed and went into operation, including 14 for industry, 19 supporting, and six for infrastructure.
Included in the projects are plans for the New Material Industry Community, Zhejiang University Xiaoshan Heshang New Material Research Center, which will rely on the technology and talent of Zhejiang University Material Science and Engineering Institute. Construction for the New Material Industry Community is planned to begin this month (May 2019).
Other fab projects signed include those for wafers made from a new semiconductor material, Cadmium Zinc Telluride (CZT), as well as high-purity silicon carbide (SiC) films.