China sets up $47.5B chip fund as other Asian countries bolster local chip production
The third phase of what is locally known as the 'Big Fund' will be primarily focused on investment in equipment for chip manufacturing.
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The third phase of what is locally known as the 'Big Fund' will be primarily focused on investment in equipment for chip manufacturing.
China has set aside a huge amount of money in an effort to boost domestic semiconductor development, totalling $47 billion.
Two Chinese chipmakers are in the early stages of producing high bandwidth memory semiconductors used in artificial intelligence chipsets, according to sources and documents. The...
CXMT and other Chinese chip firms have also been holding regular meetings with South Korean and Japanese semiconductor equipment firms to buy tools to develop HBM, said two of the people.
A state-affiliated fund has invested in robotics firm ROKAE, while Shenzhen-listed Jingce Electronic Group has bought a stake in Yangtze Memory Labs.