SIA urges Chinese to drop value-added tax

China is currently the world’s most rapidly growing market for semiconductors and ranks as the world’s third largest market, with $19 billion in sales. The Chinese government, according to the findings of the SIA study, provides income tax holidays to factories located in China, tax incentives for individuals, and manpower and education programs. With the exception of VAT, the study does not criticize industrial promotional efforts by China as a general matter.

(October 30, 2003) Little Falls, NJ&#8212The long, rough ride the semiconductor industry has endured for the past few years is slowly showing signs of recovery. Stock prices are going up, even if revenues are still lower than they were before the tech bubble burst in 2001.


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