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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 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, ....