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China plans $40 billion fund for its chip industry
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China plans $40 billion fund for its chip industry
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5th September 2023, 19:20
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,650
 |  China plans $40 billion fund for its chip industry The United States has made continual efforts to limit China's chip production, but it might not do much good. China plans to launch a fund in hopes of bolstering its semiconductor industry, Reuters reports. The state-backed endeavor is the third from the China Integrated Circuit Industry Investment Fund and aims to raise 300 billion yuan ($41 billion). The previous two funds raised 138.7 billion yuan ($19 billion) in 2014 and 200 billion yuan ($27 billion) in 2019. https://www.engadget.com/china-plans...1.html?src=rss |
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