Shanghai to ramp up high-tech investments
The financial hub of Shanghai will promote investments in specialised technology, including chip design, circuitry and artificial intelligence as the nation pushes forward with a move toward tech self-reliance. Shanghai plans to provide investment help for certain qualified semiconductor projects with up to 100 million yuan in support, a statement from the government said. The broad aim is to boost investments, enhance industrial development and speed up the construction of modern industrial systems, it added. (Reuters)