Hangzhou’s Special Policies to Further Encourage the Rapid Development of Integrate Circuit Industry was released by Hangzhou government the other day.

Among the first batch of design bases of integrate circuit industry in China, Hangzhou now occupies over 85% of the integrate circuit design enterprises and over 95% of the total design income of Zhejiang Province.

According toDevelopment Planning of Hangzhou’s Integrate Circuit Industry released by the municipal government in September last year, “the main business income of the integrate circuit industry in Hangzhou should reach 50 billion yuan by the end of 2020.” And now the newSpecial Policies is released, aiming to further support and encourage the rapid development of integrate circuit industry.