China has doubled down on efforts to achieve self-sufficiency in its semiconductor industry by creating the country’s largest-ever chip investment fund, disregarding mounting pressure from US tech sanctions and a track record of corruption in these state-led programmes.
The third phase of the China Integrated Circuit Industry Investment Fund, also known as the “Big Fund”, was established last Friday with a registered capital of 344 billion yuan (US$47.5 billion), according to information made available on Monday by Chinese corporate database service Qichacha.
Source: TRADE FINANCE
