China’s $47 Billion Bet to Dominate the Global Chip Market

China has launched a $47 billion semiconductor fund, the largest in a series to boost its chip sector. The China Integrated Circuit Industry Investment Fund Phase III aims to counter U.S. restrictions on advanced technology access. The first fund phase began in 2014 with 138.7 billion yuan ($19.2 billion). The second phase followed five years […]

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