Shanghai state-owned enterprises may increase capital by 300 billion yuan, focusing on key fields such as integrated circuits and AI

The Shanghai State-owned Assets Supervision and Administration Commission (SASAC) recently issued the "Action Plan for the City's State-owned Assets and State-owned Enterprises to Actively Participate in the Construction of the Lingang New Area of ​​the Shanghai Free Trade Zone (2020-2022)" (the "Plan").

Image source: Shanghai State-owned Assets Supervision and Administration Commission official website

The plan clearly states that from 2020 to 2022, Shanghai's state-owned assets and state-owned enterprises will strive to implement 100 key projects in the Lingang New Area, with an additional investment of 300 billion yuan, and strive to create three "first-class entities": a first-class development and construction entity, a first-class industrial development entity, and a first-class financial service entity.

The plan points out that Shanghai's state-owned assets and state-owned enterprises will focus on key areas such as integrated circuits, artificial intelligence, biomedicine, aerospace, new energy and intelligent connected vehicles, intelligent manufacturing, and high-end equipment.

In terms of integrated circuits, it is planned to build a new highland for Shanghai's integrated circuit industry. Relying on the construction of Oriental Chip Port, focusing on key links such as chip design, manufacturing, packaging and testing, equipment and materials, we will optimize the layout of state-owned assets in the integrated circuit industry that integrates the entire industrial chain, and form a group of leading companies with the new area as their headquarters. We will accelerate the implementation of projects such as China Micro Semiconductor, Shengmei Semiconductor, and third-generation compound semiconductors, and achieve innovative breakthroughs in core chips, special processes, key equipment, and basic materials.

In terms of artificial intelligence, we need to form a layout of the entire artificial intelligence industry chain. Relying on the Shanghai Artificial Intelligence Industry Investment Fund, Microsoft-YiDian Artificial Intelligence Innovation Institute, Lingang International Artificial Intelligence Industry Research Institute, and Artificial Intelligence Industry Development Alliance, we will cultivate a group of industry benchmark companies in the fields of application scenarios, algorithm computing power, etc., and promote the coordinated development of artificial intelligence equipment, products, core components and systems.