China commits record $47 billion for domestic semiconductor push with Big Fund III

[Redaktion]

China has launched its third and biggest semiconductor investment fund, committing a hefty CN¥344 billion (about $47 billion) to boost its chip industry. The initial $12.685 billion is set to focus on key areas like manufacturing equipment and essential materials, competing with similar initiatives like the U.S. CHIPS Act.

https://www.notebookcheck.net/China-commits-record-47-billion-for-domestic-semiconductor-push-with-Big-Fund-III.944455.0.html