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China injects $47.5B into chip industry

China is intensifying its efforts to lead in advanced technologies by establishing its largest-ever state investment fund for semiconductors, as detailed by a government-run agency. Valued at $47.5 billion, this fund comes amid stringent U.S. restrictions on the export of American chips and related technologies, aimed at curbing Beijing's technological ambitions. Six major state-owned banks,
United States Hua Hong Lu Jun Mark Rutte Hua Hong Semiconductor National Enterprise Credit Information Publicity System

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