This is the word of the summer on Wall Street cnn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnn.com Daily Mail and Mail on Sunday newspapers.
China is intensifying its efforts to lead in advanced technologies by establishing its largest-ever state investment fund for semiconductors, as detailed by a government-run agency. Valued at $47.5 billion, this fund comes amid stringent U.S. restrictions on the export of American chips and related technologies, aimed at curbing Beijing's technological ambitions. Six major state-owned banks,
China is pumping another $47.5 billion into its chip industry - Boston News, Weather, Sports whdh.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from whdh.com Daily Mail and Mail on Sunday newspapers.
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.