ANALYSIS: China's new chips policies will achieve breakthroughs in critical technologies

An employee of Semiconductor Manufacturing International Corp works at the company's factory in Beijing. [Photo/Xinhua]

BEIJING, Aug 6 (China Daily/ANN) - China's latest semiconductor policies will offer a golden opportunity for the chip industry to pursue high-quality development and motivate companies to achieve breakthroughs in crucial technologies, experts said on Wednesday.

The comments came after the State Council rolled out a set of policies on Tuesday, including tax breaks and financing support, to buoy the growth of the integrated circuit and software sectors. The State Council said chip companies of all ownership types, including foreign enterprises, that set up in China can benefit from the new policy incentives.