[News] Shanghai’s IC Industry in High Gear, Up 11.3% in the First Three Quarters of 2025

On October 22, data released by the Shanghai Municipal Bureau of Statistics showed that the city’s gross domestic product (GDP) reached CNY 4.072 trillion in the first three quarters of 2025, representing a year-on-year growth of 5.5%.

The combined output value of Shanghai’s three leading industries—integrated circuit (IC), biomedicine, and artificial intelligence—increased by 8.5% year-on-year. Among them, the IC manufacturing sector posted an impressive 11.3% growth, emerging as a key driver of the city’s industrial expansion.

Shanghai’s burgeoning growth is underpinned by a comprehensive policy framework. Over the past several years, the city has launched a series of systematic measures covering financial support, targeted subsidies, and talent recruitment, forming a well-integrated policy ecosystem.

Aside from policy backing, Shanghai has also established multiple dedicated funds in the semiconductor and IC sectors, spanning mergers and acquisitions, industrial investment, and venture capital.

Today, Shanghai’s integrated circuit industry has evolved into a technologically advanced and fully integrated ecosystem encompassing the entire value chain—from design and manufacturing to packaging, testing, equipment, materials, and EDA/IP. The city is now home to more than 1,200 IC-related enterprises by far.

Notable players include chip design firms such as UNISOC, Montage Technology, OmniVision Group (formerly Will Semiconductor), VeriSilicon, and Giantec Semiconductor; manufacturers such as SMIC, Hua Hong Group, and GTA; as well as equipment and materials companies including SMEE, AMEC, ACM, Hwatsing, PNC, NSIG and Anji.

(Photo credit: SMIC)