China is set to
launch a new state-backed investment fund that aims to raise
about $40 billion for its semiconductor sector, two people
familiar with the matter said, as the country ramps up.
China to launch new $40 bln state fund to boost chip industry thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
China is planning on launching a new state-backed investment fund that aims to raise $41bn (£32.7bn) for its semiconductor manufacturing sector, according to Reuters.