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(CTN News) - According to a government-run body, China is establishing its largest-ever semiconductor state investment fund to further its dominance in future
China is doubling down on its plan to dominate advanced technologies of the future by setting up its larges...
China is to put a third tranche of cash, worth $47.5 billion, into the Big Fund - the colloquial name for the China Integrated Circuit Industry Investment
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,
China has announced the third phase of its National Integrated Circuit Industry Investment Fund with a registered capital of $47.5 billion.