Editing by Kate Yuan

Lin-gang Special Area in eastern Pudong of Shanghai held a signing ceremony of 22 IC projects on February 28, worth RMB23.3 billion ($3.7 billion). The projects cover high-end chip design, key equipment materials, and advanced packaging and testing.

Source: official website of Lin-gang Special Area

Lin-gang Special Area is a major mega-industry park project by Shanghai Municipal Government that started in 2019. It is located in eastern Pudong near the Pudong International Airport, covering 873 square kilometers. It has designated part of it to the IC industry. Up to now, more than 150 IC companies have settled in the Lingang with the contracted investment exceeding RMB200 billion ($31.7 billion). In 2021, Lingang’s IC industry output value surpassed RMB10 billion ($1.6 billion) for the first time. 

By 2025, Lingang aims for an RMB100 billion ($15.8 billion) scale in the IC industry. By 2035, it strives to become an IC innovation center with global influence. It is now making efforts to accommodate China’s most advanced technology, most complete equipment and materials and industrial ecosystem,  most dynamic design companies, and the most open cooperation platform. 

Five investment institutions were invited as the "investment ambassadors" of the Lin-gang Special Area, including China Fortune-Tech Capital, Daohe Long-term Investment, Haiwang Capital, Lingang New Area Science and Technology Innovation Fund, and InnoChip.