China Piles $47.5 Billion Into ‘Big Fund III’ to Boost Chip Development – Caixin Global
China is pumping another 344 billion yuan ($47.5 billion) into a state-backed semiconductor industry investment fund to drive its chip industry development amid an escalating technology race with the United States.
The third phase of National Integrated Circuit Industry Investment Fund has been set up with investments from 19 state-owned investors led by the Ministry of Finance, business registration records show. The fund will engage in equity investment and asset management in the integrated circuit industry
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