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China Creates $47 5 Billion Chip Fund to Back Nation s Firms

(Bloomberg) China has set up the country’s largest-ever semiconductor investment fund to propel development of the domestic chip industry, the latest effort from Beijing to achieve self-sufficiency as the US seeks to restrict its growth.Most Read from BloombergSevere Turbulence Leaves 12 Injured on Qatar Airways FlightFed’s Favorite Underlying Inflation Gauge Is Seen CoolingMusk’s xAI Raises $6 Billion in Bid to Challenge OpenAIXi’s China EV Dream Came True. 10 Years On, Walls Are Going UpChi

Beijing answers Biden s CHIPS Act with the $47 5 billion Big Fund III

China s Big Fund II to back $55m deal in Siasun s wafer transfer business

China s Big Fund II to back $55m deal in Siasun s wafer transfer business
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