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China plans to finance its chip sector in an attempt to catch up with the US

It follows continued trade sanctions from the US.

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China to Spend $40 Billion on Computer Chips to Counter US Trade Ban

China to Spend $40 Billion on Computer Chips to Counter US Trade Ban
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China set to unveil $40B chip fund

China’s government was reportedly tipped to be on the verge of launching a fund aiming to raise around CNY300 billion.

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China s Ambitious $41 Billion Semiconductor Fund Signals Intent to Boost Chip Industry

This state-backed initiative marks the third installment from the China Integrated Circuit Industry Investment Fund.

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Chip war heats up: China to launch $40B state fund for semiconductor manufacturing

China is planning a new $40 billion government-backed investment fund aimed at bolstering the country's semiconductor manufacturing industry that has been hit by U.S. export controls.

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