China invests $47.5 billion more into its chip sector rcrwireless.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rcrwireless.com Daily Mail and Mail on Sunday newspapers.
(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 CoolingIndia’s Markets Brace for Selloff as Modi’s Poll Goals in DoubtChina’s Housing Rescue Has a Poor Track Record in Pilot C
China has set up its third
planned state-backed investment fund to boost its semiconductor
industry, with a registered capital of 344 billion yuan , according to a filing with a.