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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Actor Nicolas Cage arrested in New Orleans 2:42pm EDT Internet gambling sites owners charged with fraud 15 Apr 2011 Ohio man kills wife and three children, then self 1:54pm EDT Mom given 10 years for playing on Facebook as baby drowned 15 Apr 2011 Tornadoes, storms kill at least 17 in South 4:26pm EDT Discussed 226 China tells U.S. to quit as human rights judge 81 White House warns on debt limit, says Obama regrets vote 81 Obama to lay out deficit plan with focus on tax, spending Watched South Korean "super gun" packs hi-tech killing power Mon, Feb 14 2011 Cupless bra combats cleavage crinkle Fri, Apr 15 2011 Economic leaders seek balance Fri, Apr 15 2011 China to give "strategic" support to microchip sector: Xinhua Tweet Share this SHANGHAI (Reuters) - China plans to support its integrated circuit sector as a strategically important industry over the next five years, aiming for over a fourth of microchips used in the country by 2015 to be made in China, Xinhua news agency said... Email Print Related News Wall Street rises on economic data but minefields loom Fri, Apr 15 2011 Calls grow for Japan PM to quit in wake of quake Fri, Apr 15 2011 Dow, S&P inch up as growth questioned, Google off late Thu, Apr 14 2011 Fund managers shop for tech bargains Thu, Apr 14 2011 New energy crisis; new investment choices Thu, Apr 14 2011 Analysis & Opinion Common budget mistakes for tech startups Warner Music sale would only be an opening act Related Topics Technology » Stocks SHANGHAI | Sat Apr 16, 2011 5:09am EDT SHANGHAI (Reuters) - China plans to support its integrated circuit sector as a strategically important industry over the next five years, aiming for over a fourth of microchips used in the country by 2015 to be made in China, Xinhua news agency said on Saturday. The support for the sector is just the latest step in a broader push by Beijing to promote home-grown high-tech and other industries, as the country seeks to reduce its reliance on cheap manufactured exports for growth -- and on foreign companies for imports of high-tech goods. Xinhua cited Yang Xueshan, vice minister of industry and information technology, as saying the ministry expected Chinese companies to make 27.5 percent of the integrated circuits used in the country by 2015, up from about 20 percent now. The plan for the sector included the development of more proprietary intellectual property, the state-run news agency added. That dovetails with plans to spur up to $1.5 trillion of investment over five years in seven strategic industries from alternative energy to biotechnology, as first reported by Reuters last December. From aerospace to microchips, China is aiming to eventually foster heavyweights able to take on industry giants such as Boeing and Intel. That push has already helped to drag down costs, and with them, profit margins, in sectors ranging from solar panels to liquid crystal display panels (LCDs), in which Chinese producers have contributed to an abundant supply. (Reporting by Jason Subler; Editing by Andrew Marshall) Technology Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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