Nanjing is set to turn itself into a chip mecca by setting up a $20 billion investment fund for its integrated circuits industry. The historical capital of China is hoping that revenue from the sector will reach $150 billion by 2025.

The Nanjing Integrated Circuit Industry Investment Fund is expected to benefit chip manufacturers and downstream companies, which will gain economically from domestically produced chips. It will be guided by localization, specialization, and better use of capital, and aims to promote the local IC industry, local media reports. The timeline for the fund was not specified.

Nanjing has been the focus of growing attention in China’s chip-making industry. In early July, Huatian Technologies announced a three-phase development plan for an IC packaging an testing plant in the city. The company plans to spend a total of $8 billion on the project that will focus on memory and artificial intelligence chips, as well as microelectromechanical systems (MEMS).

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Chris Udemans

Christopher Udemans is a Shanghai-based data and graphics reporter. He covers Chinese artificial intelligence, mobility, and cybersecurity. You can contact him at chrisudemans [at] technode [dot] com.