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Hong Kong Government Unveils AI and Innovation Initiatives in 2026-27 Budget

SEMICONDUCTOR

Hong Kong's financial secretary announced plans to enhance AI adoption across industries, establish an AI committee, and promote a new manufacturing innovation center. The AI Subsidy Scheme has approved 30 R&D applications, while a HKD10 billion fund will target emerging sectors.

A national manufacturing center focused on semiconductor R&D will also be established, attracting global talent. The initiatives align with the 15th Five-Year Plan to boost local and industry-driven innovation.

Feb 26, 2026, 6:13 AM

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