In June of this year, the National Integrated Circuit Industry Development Promotion Outline was officially announced to the public. The members of the National Integrated Circuit Industry Development Leading Group established according to the outline include the responsible persons of the provincial governments where the integrated circuit industry cluster areas are located. The leadership group is responsible for overall coordination, integrating and mobilizing resources from the central, local, and social sectors.

In addition to measures such as fiscal support, financial assistance, and tax incentives, a major highlight of the Outline is the proposal to establish a national industrial investment fund. But before that, China's integrated circuit industry had already sparked a wave of capital mergers and acquisitions.

In August 2013, Tsinghua Unigroup acquired Spreadtrum Technologies, a company listed in the United States, causing it to delist. Subsequently, it also acquired Ruidike, the third largest company in the field of integrated circuit design.

At present, there is a trend in the domestic integrated circuit industry, which is that local governments who are willing to develop the integrated circuit industry have invited domestic leading companies to develop locally, and the two sides have engaged in some degree of capital cooperation. In 2013, the outline for promoting the integrated circuit industry was already in the preliminary research process, and Tsinghua Unigroup was able to acquire Spreadtrum, which ranks first in domestic integrated circuit design, through capital operation. It is estimated that it has grasped the direction of national policies, "a staff member of Jinan High tech Zone told reporters.

It is reported that one policy direction of this round of integrated circuit outline is to encourage enterprises to merge and restructure, form about 10 internationally competitive enterprises, encourage domestic enterprises to expand international cooperation, and integrate international resources through mergers and acquisitions. The country will also delegate some tasks to designated backbone enterprises, such as the task of Beidou chips to Spreadtrum, "the staff of Jinan High tech Zone told reporters.

Although the rumored 120 billion yuan national industrial investment fund has not yet been finalized, there are already reference points for the operation of industrial investment funds. In December 2013, the National Development and Reform Commission, the Ministry of Industry and Information Technology, and the Beijing Municipal Government jointly established the Beijing Integrated Circuit Industry Investment Fund, publicly convened the fund manager, and proposed corresponding partnership requirements.

Although the National Industrial Investment Fund is still in preparation, the investment principle of focusing on supporting the integrated circuit manufacturing field, taking into account design, packaging and testing, equipment, and materials, is already considered "tailor-made" in the industry.