Beijing To Subsidize AI Chips For Self-Reliance By 2027

• Beijing provides subsidies to local AI chip companies.

• China aims to reduce dependence on foreign technology.

• Financial support offsets costs for research and development.

Illustration shows words "Artificial Intelligence AI\

Reuters

In a move to boost the development of domestic artificial intelligence (AI) chips, Beijing city has announced plans to provide subsidies for local companies in this sector. The initiative aims to achieve self-reliance in AI chip technology by the year 2027.

China has been actively working towards reducing its dependence on foreign technology, particularly in critical areas such as AI chips. By supporting local companies in the development and production of AI chips, Beijing hopes to strengthen its technological capabilities and reduce reliance on imports.

The subsidies provided by the city government will help offset the costs associated with research, development, and manufacturing of AI chips. This financial support is expected to encourage more companies to invest in this sector and accelerate the pace of innovation in AI chip technology.

With the target of achieving self-reliance by 2027, Beijing's initiative underscores the strategic importance of AI chips in driving technological advancement and economic growth. By fostering a robust domestic AI chip industry, China aims to enhance its competitiveness in the global tech market and secure its position as a leader in AI innovation.

Overall, the decision to subsidize domestic AI chips reflects China's commitment to building a strong foundation for its technology sector and ensuring long-term sustainability and growth in the field of artificial intelligence.