A
c
cording to the official scheme--“
P
r
eferential Policies on LED Chip Projects”
,
Nationstar Semiconductor would be given up to RMB 10m for each newly-bought MOCVD.
The first 30% of the subsidy will be allocated shortly by the local government; the other 70% is to be given out upon the arrival of the equipment alongside the application from the corporate.
According to the official scheme, Nationstar Semiconductor received a subsidy of RMB 140m on 25
thM
a
rch 2013, which is 70% of the total amount on its purchasing of 20 MOCVDs.