Remaining tax refund benefits IC industry, Yangtze River storage receives tax refund of 186 million

Issuing time:2019-11-20 00:00

Recently, Changjiang Storage Technology Co., Ltd. received a tax refund of 186 million yuan.


It is reported that Yangtze River Storage is one of the three largest memory wafer fabs in China. It is jointly invested and built by the National Integrated Circuit Industry Investment Fund of Hubei Province, the Hubei Integrated Circuit Industry Investment Fund, and the Hubei Provincial Technology Investment Group, and is responsible for the national memory base project.


Changjiang Storage successfully developed China's first 32-layer 3D NAND flash memory chip in 2017. According to Diao Shijing, co-president of Ziguang Group, the 32-layer 3D NAND flash memory chip of Yangtze River Storage will be mass-produced in the fourth quarter of this year, and the development of its 64-layer 3D NAND flash memory chip is also in full swing, and mass production is planned for 2019.


On August 7, Changjiang Storage revealed its breakthrough technology, XtackingTM, and this technology has been successfully applied to the development of second-generation 3D NAND products. It is expected to enter mass production in 2019.


According to local media reports, since the end of July, Wuhan Donghu High-tech Zone has handled a total of more than 1 billion yuan worth of VAT refunds.


On June 27, the Ministry of Finance and the State Administration of Taxation issued a tax-rebate program, which clearly stipulated that the input tax amount of unqualified enterprises and power grid enterprises in advanced service industries such as advanced manufacturing of equipment manufacturing and modern service industries such as research and development and power grid enterprises would not be deducted within a certain period. One-time refund.


Li Hui, head of finance at Changjiang Storage, said: "The implementation of the refund of the tax credit can directly increase the company's current cash flow, improve the operating conditions of the enterprise, increase investment in scientific and technological innovation, and help the sustainable development of the enterprise."


In the first half of the year, Premier Li Keqiang held an executive meeting of the State Council to determine three measures to deepen the value-added tax reform. On June 27, the Ministry of Finance and the State Administration of Taxation issued a tax-rebate program, which clearly stipulated that the input tax amount of unqualified enterprises and power grid enterprises in advanced service industries such as advanced manufacturing of equipment manufacturing and modern service industries such as research and development and power grid companies would not be deducted within a certain period One-time refund.

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