China’s National Chip Fund to Exceed $47.5 Billion Goal, Adviser Says

Reported 6 months ago

According to a senior adviser to Beijing, China's main national chip fund is expected to surpass the initially disclosed $47.5 billion goal, reflecting the government's commitment to bridging the technology gap with the US. More state-backed firms, including Industrial and Commercial Bank of China Ltd., are likely to contribute capital to bolster the self-sufficiency of the domestic semiconductor industry. The fund's third vehicle, established recently and operating under a 10-year timeframe, signals continued efforts to support crucial chip projects and companies, with the possibility of further capital injection during the specified window.

Source: YAHOO

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