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Investment Fund

All articles tagged with #investment fund

China Launches $47.5 Billion Fund to Boost Semiconductor Industry
technology1 year ago

China Launches $47.5 Billion Fund to Boost Semiconductor Industry

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 Launches $47.5B Fund to Boost Domestic Chip Industry
technology1 year ago

China Launches $47.5B Fund to Boost Domestic Chip Industry

China has established its largest-ever semiconductor investment fund, totaling $47.5 billion, to boost its domestic chip industry amid escalating tensions with the US. The fund, known as Big Fund III, aims to achieve self-sufficiency in semiconductor production as the US imposes restrictions on China's access to advanced chips and equipment. The initiative is part of China's broader strategy to counter US technological dominance and support local chipmakers like SMIC and Huawei.

China Launches $47.5B Fund to Boost Semiconductor Industry
technology1 year ago

China Launches $47.5B Fund to Boost Semiconductor Industry

China has established its third state-backed investment fund with a capital of $47.5 billion to boost its semiconductor industry, aiming for self-sufficiency amid US export controls. The fund, the largest of the three phases of the China Integrated Circuit Industry Investment Fund, will focus on chip manufacturing equipment and has major Chinese banks and the finance ministry as key investors.

"Saudi Arabia's $40 Billion AI Investment Fund with VC Firms: A Game-Changer"
technology1 year ago

"Saudi Arabia's $40 Billion AI Investment Fund with VC Firms: A Game-Changer"

Saudi Arabia's government plans to establish a $40 billion fund to invest in artificial intelligence, with discussions of a potential partnership with U.S. venture capital firm Andreessen Horowitz and other financiers. The fund, expected to launch in the second half of 2024, aims to support various tech start-ups associated with AI, including chip makers and large-scale data centers. PIF's Al-Rumayyan has highlighted the kingdom as a potential hub for AI activity outside the U.S., citing its energy resources and funding capacity.

"Church of England Pressured to Increase Slavery Reparations Fund to £1bn"
social-issues2 years ago

"Church of England Pressured to Increase Slavery Reparations Fund to £1bn"

The Church of England's £100m investment fund to address its historic ties to slavery is deemed "not enough" by a report, which recommends increasing the fund to at least £1bn. The fund aims to support black-led businesses focusing on education, economic empowerment, and better health outcomes. The report also calls for the Church to fully acknowledge its involvement in the slave trade and apologize for its historical denial of the humanity of black Africans. The Church has welcomed the report but has not committed to raising the fund to the recommended amount.

China's $40 Billion State Fund to Supercharge Chip Industry, Sources Reveal
technology2 years ago

China's $40 Billion State Fund to Supercharge Chip Industry, Sources Reveal

China is planning to launch a new state-backed investment fund, expected to raise around $40 billion, to boost its semiconductor sector and catch up with the US and other rivals. The fund, the largest of three launched by the China Integrated Circuit Industry Investment Fund, will focus on investing in chip manufacturing equipment. The move comes as China aims to achieve self-sufficiency in semiconductors, following export control measures imposed by the US and its allies. The fundraising process is expected to take months, and the launch date for the fund is yet to be determined.

Lawmakers Seek Solutions for Looming Social Security Benefit Cuts.
politics2 years ago

Lawmakers Seek Solutions for Looming Social Security Benefit Cuts.

Republican Senator Bill Cassidy of Louisiana is working on a bipartisan "big idea" to address Social Security's 75-year shortfall by creating an investment fund separate from Social Security and allowing the investment to earn returns over a period of 70 years. Cassidy is working with Sen. Angus King, I-Maine, to craft a bipartisan solution to fix the program. The idea for investing Social Security's funds in the market is inspired by private pension funds, which already buy securities outside of Treasurys. Social Security's combined trust funds will only be able to pay full benefits until 2034, according to recent projections from the Social Security Board of Trustees.