China Launches $47.5 Billion Fund to Boost Semiconductor Industry
TL;DR Summary
China has established its largest-ever semiconductor investment fund, Big Fund III, with 344 billion yuan ($48 billion) to bolster its domestic chip industry amid U.S. restrictions. This move aims to reduce reliance on U.S. chipmakers like Nvidia and AMD, which are facing revenue declines in China. The fund, supported by the Chinese central government and state-owned entities, seeks to advance China's semiconductor capabilities and counteract the U.S. chip ban.
- China A Lost Market For Nvidia, AMD? The Asian Superpower Reportedly Sets Up Biggest Semiconductor Fund T Benzinga
- China Creates $47.5 Billion Chip Fund to Back Nation’s Firms Bloomberg
- China is pumping another $47.5 billion into its chip industry CNN
- China Raises $48 Billion for Semiconductor Fund to Bolster Chip-Making Capabilities The Wall Street Journal
- China's latest round of domestic chipmaking funding raises $47 billion PC Gamer
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