The federal finance ministry, state-owned firms and local governments contributed a combined ¥344 billion to launch the third edition of the National Integrated Circuit Industry Investment Fund, according to data aggregator Tianyancha. (Bloomberg)
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The federal finance ministry, state-owned firms and local governments contributed a combined ¥344 billion to launch the third edition of the National Integrated Circuit Industry Investment Fund, according to data aggregator Tianyancha. (Bloomberg)
Talking point: The U.S. is trying to cut China off from supplies of advanced semiconductors as well as the equipment and capital to make them, while simultaneously spurring North American production via the US$52.7-billion CHIPS Act. Beijing has responded with legal action and pledges to become self-reliant in critical technologies. Earlier funds—worth ¥339 billion (US$50.9 billion) between them—have paid for the expansion of homegrown foundries and equipment manufacturers.
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