Baiyun has unveiled a new set of measures to promote the high-quality development of the semiconductor and IC industry in May this year.

The policy, effective from May 26, 2026, through Dec 31, 2027, aims to accelerate the sector's growth by supporting chip design, manufacturing, packaging, and testing, as well as materials and equipment development. Key incentives include subsidies of up to 3 million yuan ($443,294.93) for IP and EDA tool procurement, financial support for advanced chip tape-out, and R&D subsidies of up to 4.5 million yuan for materials and equipment localization.

The measures also prioritize talent attraction, offering services in residency, housing, healthcare, and immigration for high-level professionals. A dedicated IC industry fund will be established, and an "Open Bidding" program will provide up to 10 million yuan per project for collaborative technological breakthroughs.

An exchange meeting is held for enterprises settled in the park in July 2026. [Photo/The South]

From 2023 to 2026, the added value of the district's core digital economy industries jumped from 15.45 billion yuan to 26.37 billion yuan, with a compound annual growth rate exceeding 30 percent.

During the 15th Five-Year Plan period (2026-30), Baiyun is targeting core digital economy industries to generate an added value of more than 55 billion yuan. It will further expand and strengthen its semiconductor industrial cluster and support Guangzhou in its goal of becoming a core hub of the digital economy and integrated circuit industry in the Greater Bay Area.