Developing the microelectronics industry is part of the government’s wider plan to transform the city into an international innovation and technology (I&T) hub. South China Morning Post cited a government source that the Microelectronics Research and Development Institute under the plan of the 2023-24 Budget aims to develop the local production of chips and semiconductors for the manufacture of electric cars with a main focus on integrated circuit packaging and third-generation semiconductors.
On developing the microelectronics industry, Prof. Christopher CHAO, Vice President (Research and Innovation) of PolyU, said Hong Kong needed to work hard to attract talent in the semiconductor field and acquire chip equipment given the West’s curbs targeting the Mainland. He added it was better for Hong Kong to focus its semiconductor ambitions on a single area such as quantum computing rather than pursue a broad range of chip production.
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