Tech war: Shanghai wants to be an industrial hub of the future as US chip restrictions escalate

  • Under a new guideline, Shanghai aims to groom innovative enterprises and talent in health, smart tech, energy and other hi-tech industries
  • The Chinese semiconductor capital has been struggling under draconian Covid-19 controls and growing US export restrictions

Tracy Quin Shanghai
A pedestrian crosses a road in the Lujiazui financial district in Shanghai. Photo: Reuters
Shanghai, China’s financial and semiconductor production centre, has declared its ambition to become a base for “industries of the future” amid an intensifying US-China tech war and stringent Covid-19 controls.

Under a guideline published by the Shanghai government on Tuesday, the city aims to groom innovative enterprises and talent in areas including health, smart technology, energy and materials. By 2030, the city wants to be home to 1,000 hi-tech enterprises with a combined production output of 500 billion yuan (US$70 billion).

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