China sets up $47.5B chip fund to propel local semiconductor industry
China established a $47.5B investment fund to boost its semiconductor industry amid US curbs on access to advanced chips.
Stay updated with breaking news from China Flag. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
China established a $47.5B investment fund to boost its semiconductor industry amid US curbs on access to advanced chips.
The US Department of State has confirmed that Secretary of State Antony Blinken expressed, in conversations with allies, concern about the nature of cooperation between China and Russia, which contributes to the ability of the Russian military-industrial complex to continue supplying the Russian army.
In recent years, China has been making significant strides in expanding its military capabilities, raising concerns among global powers, particularly the United States.
China, on August 28, released the 2023 edition of its "standard map", incorporating the country's claims over the nine-dash line, thereby laying claim to a large part of the South China Sea. Vietnam, the Philippines, Malaysia, and Brunei have all claims over the South China Sea areas.
Growing hopes that China will reopen its economy ignited a spectacular rebound in Chinese technology stocks. See why we believe hopes for a reopening are premature.