I. Review of public opinion
The State Council has issued several policies on promoting the high-quality development of the Integrated circuit industry and software Industry in the new Era. The paper provides 40 supporting policies for the integrated circuit and software industry from 8 aspects, including finance and taxation, investment and financing, research and development, import and export, talents, intellectual property rights, market application and international cooperation. (China Business Network)
Second, small letter interpretation
A number of Policies is another national IC and software industry guidance document, following document No. 18 in 2000 and Document No. 4 in 2011. Compared with the previous documents, the Policies highlight the development characteristics of the integrated circuit and software industries in the new era, and emphasize optimizing the industrial environment and deepening international cooperation on the basis of consolidating national information construction. The change on the file name can be seen that, in 2000 issued by the “encourages the development of software industry and integrated circuit industry a number of policy”, highlighting “encourage the development of software industry and integrated circuit industry”, then the ICT industry in China is still in the bud, in the background of joining the world trade organization under this policy, encouraging meaning is obvious; The Notice on Policies for Further Encouraging the Development of the Software and Integrated Circuit Industries, issued in 2011, refined the contents of the 2000 document and introduced more incentive measures with clear policy guidance. Before this year introduced a number of policy, will be in the file “encouraged” to replace “promote”, indicates the industry scale has been formed, the subsequent will further optimize the development environment, it is worth mentioning that the number of policy, international cooperation to support policy for the first time, put forward to develop the international service outsourcing business, support enterprises to set up overseas marketing network, We will encourage the integrated circuit and software industries to “go global”.
Specifically, the Policies formulated and introduced policies and measures on fiscal and taxation, investment and financing, research and development, import and export, human resources, intellectual property rights, market application, and international cooperation. It is pointed out that all qualified integrated circuit enterprises (including design, production, packaging, testing, equipment and material enterprises) and software enterprises set up in China can enjoy this policy regardless of ownership nature. The policy shall be implemented as of the date of issuance.
One important aspect is fiscal and taxation, which has the highest policy content and is therefore placed in the first part of the document. The “Several Policies” provides eight supporting policies, benefiting enterprises including integrated circuit production enterprises, design, equipment, materials, packaging, testing enterprises and software enterprises, and most of the favorable ways are tax incentives. According to several policies, enterprises or projects of integrated circuits whose circuit width is less than 28 nanometers (inclusive) encouraged by the state and whose operation period is more than 15 years will be exempted from enterprise income tax from the first year to the 10th year.
It is the first time in the field of IC to receive such a large amount of preferential policies for tax exemption in the past ten years. Combined with smIC International’s lightning listing and SMIC South’s capital injection from the National IC Industry Investment Fund, it can be seen that the state is determined to strongly support the development of IC industry.
In addition, the “several policies” also pointed out that the state encouraged integrated circuit design, equipment, materials, packaging, testing enterprises and software enterprises, from the year of profit, the first year to the second year of enterprise income tax exemption, the third year to the fifth year according to the statutory rate of 25% corporate income tax halved; Key integrated circuit design enterprises and software enterprises encouraged by the State shall be exempted from enterprise income tax from the first year to the fifth year starting from the profit-making year, and the enterprise income tax shall be levied at a reduced rate of 10% in subsequent years.
In terms of investment and financing, the Policies encourage and support integrated circuit enterprises and software enterprises to strengthen the integration of resources, and relevant departments and local governments shall not set any form of restrictions other than laws, regulations and policies on the reorganization and merger of enterprises in accordance with the principle of market. We will vigorously support qualified integrated circuit enterprises and software enterprises in listing and financing at home and abroad, speed up the review process for domestic listings, and encourage and support qualified enterprises in listing and financing on the Science and Technology Innovation Board and the Growth Enterprise Market.
In the past two years, there has been a high call for high-tech enterprises to be listed on the science and technology Innovation Board, and relevant guidance policies have been formulated. In December 2019, the Shanghai stock exchange, deputy general manager of Xu Yilin at “south 2019 international BBS of finance and economics”, support and encourage hard science and technology enterprises, more skillful, representative of strong, high credibility, its core is to break through the key technology, has the potential to participate in the global competition of enterprise, increase the system supply, efforts to support its listing in kechuang board. In March this year, China Securities Regulatory Commission (CSRC) issued guidelines on the Evaluation of Science and Innovation Attributes (Trial), which proposed to support and encourage “hard science and technology” enterprises to list on the science and Innovation Board, accelerate the transformation of scientific and technological achievements into real productivity, and promote the transformation of economic development into innovation-driven development.
In research and development, the number of policy put forward focusing on high-end chip, IC key materials, equipment and process technology, IC integrated circuit design tools, software, industrial software, application software, the key core technology research and development, and continuously explore building under the condition of socialist market economy key core technology research new sports system; Encourage software enterprises to implement national standards on software quality, information security, development and management; We will strengthen the construction of integrated circuit standardization organizations, improve the standard system, strengthen standard verification, and enhance r&d capabilities.
In terms of personnel training, the policies further strengthen the construction of integrated circuit and software majors in colleges and universities, accelerate the establishment of first-level integrated circuit disciplines, and strive to cultivate versatile and practical high-level talents. Universities and colleges with conditions are encouraged to speed up the construction of demonstrative microelectronics institutes by cooperating with integrated circuit enterprises.
In the field of intellectual property, several policies encourage enterprises to register the exclusive rights of integrated circuit layout-design and software copyright; Explore the establishment of software legalization work long-term mechanism. The policies clearly state that all computers sold in China (including mainframes, servers, microcomputers and laptops) must be pre-installed with genuine software, and prohibit computers pre-installed with non-genuine software from being sold on the market.