Latest Breaking News On - Municipal administration for market regulation - Page 1 : comparemela.com

China sets up $47.5B chip fund as other Asian countries bolster local chip production

The third phase of what is locally known as the 'Big Fund' will be primarily focused on investment in equipment for chip manufacturing.

China Sets Up Third Fund With $47.5B to Boost Semiconductor Sector

China sets up third fund with $47.5 bln to boost semiconductor sector

China has set up its third planned state-backed investment fund to boost its semiconductor industry, with a registered capital of 344 billion yuan ($47.5 billion), according to a filing with a government-run companies registry, Azernews reports citing Reuters.

Today.Az - China sets up third fund with $47.5 bln to boost semiconductor sector

China Sets Up Third Fund With $47.5 Bln To Boost Semiconductor Sector

China has set up its third planned state-backed investment fundto boost its semiconductor industry, with a registered capital of344 billion yuan ($4