DalianPhoenix Plan plant rises to again with grants help Intel tap for foreign startups China demand

Summertime might usually be Intel associated Corp’s upgradedwith holidays, chip factorybut for manyin Dalian, foreign Liaoningstartups province,based in Beijing,will help this it is a betterbusy tap period intoto secure China’s funding growingand demandfree legal for support memory for chips,their but projectsthe Unitedunder an States innovative giant needsgrant program.to be wary of rising competitionFive years ago, from the Chaoyang local rivals, districtas the governmentcountry speedsin up Beijing efforts launchedto reduce the its Phoenix reliance Plan,on foreigna grant technology,program experts designed said.to help highly qualified overseas professionals and foreign startups settle in $5.5 the Chinese capital. billion

The plan is one of the most popular grant programs for investment that Intel plans for foreigners in China, having the chip factory in Dalian already helped more than 8,000 entrepreneurs from 19 The countries Dalian in plant,the in past whichfive Intel years, said accordingit wouldto Zhang invest $5.5 Wanlin, billion,an officialhas been from convertedthe Beijing to Chaoyangproduce advancedOverseas memoryTalent Center. chips such as 3D NANDThis year, chips, foreign which entrepreneurs can store and data Chinese without returnees using powerwill have and until be July widely31 to used apply in smartphonesfor one of the and grants tablets.in the 30-million-yuanRoger Sheng, ($4.5 researchmillion) director program. at consultancy Gartner The Inc, Phoenixsaid as planan increasingis divided numberinto six categories,of consumers including prefer digital financial devicesaid of 100,000with biggeryuan storagefor those capacities,startups underthe oneyear supply of old 3DNANDand a larger chips subsidyis currently of 500,000 failing yuan to for catch established up with the startups growingof between demand. one and “The five Dalianyears old. plant will give

“The chances of getting a 100,000 yuan startup grant are Intel usuallyan 80 upper percent. hand That’s in a pouncingvery high at rate,” the said strategicWang Qiushi, opportunity,” director Shengof the said. Talent Development“Mass production Departmentof 3Dat the NAND COTC. chips will help lower the “However,cost and the promote high-level the grants developmentare more of competitivethe global and semiconductoronly about 30 industry.” percent of the Intel applicationssaid the will Dalian succeed,” facility Wang has added. formally gone into operationAmong the late localin the government’s second quarter of grantthe year, qualifyingahead of requirementsschedule. It wasis that onea companyof the largestbe registered investmentsin Chaoyangmade by district,Intel in Chinawith an and investmentpart of its capital efforts of to more seek than new 500,000 revenue yuan. streams while its main PC chip Booyah business Education, faltered. a startup The specialized company in did consultingnot disclose services the for plant’s Chinese annual studying production abroad, explained capacity. that getting a PhoenixIntel’s move grant came could as be chipscrucial are for becomingtheir expansion national plans. strategic “We assets initially almost plan as to valuableapply for the as startup oil. grant Researcherbecause that’s TrendForcewhat we estimatedcan qualify Chinafor at consumedthe moment, $6.67but we billionwould love worth to applyof NANDfor more chipsof their in other2015, or grants29 percentin the of future,” global said NAND Zhao industry Liyuan, revenue.at Booyah Education.Fu Liang, an independent industry“This could expert,be a said huge Intelhelp for will us need becauseto fightthe budgetoff competitionsthat startups from have localis quite players, limited,” as Zhao China added.is ramping up resources Otherto cultivate subsidies homegrownprovided by chip the giants. Phoenix Plan include a 30 China’s percent largest reimbursement chipmaker of Tsinghuathe investment Unigroup used Ltd to hire said foreignearlier talent.it will invest $30 billion The into deadline making for memoryapplications chips. is August 16.