China is expected to launch a state-backed investment fund providing more than $40 billion to the country's semiconductor manufacturing industry to counter the policies implemented by the United States to favor domestic manufacturers.
China to launch $40 billion semiconductor chip fund to counter Biden tech war gazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gazette.com Daily Mail and Mail on Sunday newspapers.
According to the CEO China s Advanced Micro-Fabrication Equipment (AMEC), the Chinese market for semiconductor manufacturing tools is relatively unscratched by US sanctions, with aims of replacing as