深圳设立500亿元半导体产业基金，推动全链条国产化

Note: The English version is provided below.

摘要

2025年7月，《深圳市关于促进半导体与集成电路产业高质量发展的若干措施》出台，宣布设立总规模500亿元人民币的“赛米产业私募基金”，聚焦支持本地半导体企业在材料、设备、EDA、芯片设计、制造、封测等关键环节的全链条发展。

该基金将采取“政府引导+市场化运作”模式，鼓励龙头企业牵头组建产业联盟，推动关键技术攻关与上下游协同。政府将对符合条件的项目给予最高30%的研发补贴、土地优先保障与专项人才引进支持，力争到2027年形成具有全球竞争力的本地半导体生态体系，重点突破EDA工具、先进封装、功率器件与高端模拟芯片等短板环节。

评论

深圳此举是中国地方政府“精准扶持+产业协同”战略的典型体现。新一轮国家扶持政策，更强调“链主牵引、基金引导、生态协同”，体现出政策工具的成熟化与市场化。

对企业而言，深圳的政策红利不仅体现在资金支持，更在于其对“产业链协同”的系统性设计；对投资者而言，该基金将成为观察中国半导体“卡脖子”环节突破进度的重要风向标；对在EDA与封装领域“霸场”多年的美欧品牌企业而言，他们将看到更多的中国本土企业参与角逐。

Shenzhen Launches $7Billion Semiconductor Fund to Drive Full-Chain Localization

Summary

In July 2025, Shenzhen released a new policy titled “Measures to Promote High-Quality Development of the Semiconductor and Integrated Circuit Industry”, announcing the establishment of a ¥50 billion, around $, private equity fund named the “SEMI Industry Fund.” The fund will focus on supporting local semiconductor companies across the entire value chain—including materials, equipment, EDA tools, chip design, manufacturing, and packaging & testing.

The fund will adopt a “government-guided, market-driven” model, encouraging leading enterprises to form industrial alliances to tackle key technological bottlenecks and enhance upstream-downstream collaboration. The government will offer up to 30% R&D subsidies, prioritized land access, and special talent recruitment support for eligible projects. The goal is to build a globally competitive local semiconductor ecosystem by 2027, with breakthroughs in EDA tools, advanced packaging, power devices, and high-end analog chips.

Comment

Shenzhen’s move exemplifies China’s local government strategy of “targeted support + industrial coordination.” The new wave of national support policies emphasizes “ecosystem leadership, fund-driven development, and collaborative innovation,” reflecting a more mature and market-oriented policy toolkit.

For enterprises, Shenzhen’s policy dividends go beyond funding—they lie in the systematic design of industrial chain collaboration. For investors, this fund will serve as a key indicator of China’s progress in overcoming chokepoints in its semiconductor industry. For dominant U.S. and European players in EDA and packaging, this signals the rise of more competitive Chinese challengers.