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China presented the state program for the development of the chip market

The State Council of China presented a state program aimed at stimulating the development of the chip market. Its volume should increase to 2015 year to 350 billion yuan (56,9 billion dollars), reports Xinhua news agency. In 2013, revenue from chip sales was approximately 250,8 billion yuan.

The technical level and scale of the integrated circuit industry is one of the most important criteria for manufacturing competitiveness. In China, it began to develop much later than in other countries, and is not yet able to cover the country's need for relevant products and services. According to the Ministry of Industry and Information of the People's Republic of China / MPI /, in 2013, the volume of import of chips reached 231,3 billion US dollars, yielding, like for a number of years, only oil.

It is reported that the most interesting in the adopted state program is the decision to establish the State steering group for the development of the industry of integrated circuits, which should contribute to the improvement of policy and coordination in the development of the industry.

In addition, it was decided to create a State Investment Fund, designed to facilitate the attraction of funds from large enterprises, financial institutions and private capital, which should reduce dependence on public funds.

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