China to invest over 7 trillion yen to promote domestic semiconductor industry – GIGAZINE（ギガジン）
It has been revealed that China has raised 340 billion yuan (approximately 7.36 trillion yen) from the Ministry of Finance, state-owned banks, and others for a semiconductor industry investment fund in an effort to strengthen self-sufficiency in the semiconductor industry.
China sets up third fund with $47.5 billion to boost semiconductor sector | Reuters
Report: China sets up $47.5B fund to boost its semiconductor sector – SiliconANGLE
The size of this fund is comparable to the $53 billion (approximately 8.31 trillion yen) set aside for the construction of semiconductor manufacturing plants under the CHIPS and Science Act enacted by the Biden administration in 2022. The South China Morning Post points out that this shows the Chinese government's approach to building a self-sufficient semiconductor industry as a nation and overcoming US export restrictions.
Although China's semiconductor industry lags behind in terms of cutting-edge technology due to the lack of access to the latest EUV equipment, it is widely used in areas such as automobiles and home appliances where older generation chips are sufficient. China's share of the 28nm scale and above semiconductor industry is expected to reach 31% in 2023 and 39% in 2027.
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