Made in Shanghai 2025: City unveils ambitious targets to grow high-end manufacturing and new hi-tech sectors
- The municipal government has published a three-year action plan for 2023 to 2025 to ‘promote high-quality development’
- By 2025, Shanghai plans to build ‘world industry clusters’ for its three leading industries: integrated circuits, biomedicine and AI
Shanghai has unveiled an ambitious plan to boost high-end manufacturing in the city with a focus on the semiconductor sector in the next three years, amid growing China-US tech rivalry.
The municipal government on Thursday published a three-year action plan for 2023 to 2025 to “promote the high-quality development” of its manufacturing industry and lists preferred industries as semiconductors and artificial intelligence (AI).
By 2025, Shanghai will build “world industry clusters” for its three leading industries- integrated circuits (IC), biomedicine and AI – and increase the combined value output to 1.8 trillion yuan (US$251 billion) in 2025 from 1.4 trillion yuan in 2022, or an increase of 28 per cent.
While Shanghai has always been regarded as the nation’s financial services hub, the city has gradually been shifting emphasis to its industrial production and tech industries, in line with the government’s push to grow the “real economy”.
Aside from Tesla’s gigafactory, the city is also home to a number of leading domestic chip companies, particularly at its Zhangjiang hi-tech park in the city’s east Pudong district. These include the country’s largest chip foundry Semiconductor Manufacturing International Corp and chip equipment maker Shanghai Microelectronics.
The city is also ramping up investment in AI, including setting up a huge computing centre in the city’s coastal Linggang New Area, to meet surging demand fuelled by ChatGPT-like services and similar generative AI features.
