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Chip enterprises are exempted from income tax for up to 10 years to promote the high-quality development of related industries

Since this year, the global shortage of chips has gradually spread to mobile phones, automobiles and other industries, which has attracted a lot of attention. Supporting the development of chip enterprises has become a consensus of all parties to a certain extent. On December 17, the four departments of the state jointly issued the “announcement on the enterprise income tax policy to promote the high-quality development of the integrated circuit industry and the software industry”.