China Sets Up Third Fund With $47.5B to Boost Semiconductor Sector newsmax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmax.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 ($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 today.az - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.az Daily Mail and Mail on Sunday newspapers.
Outspending US capitalism China has established its third state-backed investment fund to bolster its semiconductor industry, with a registered capita.
The China Integrated Circuit Industry Investment Fund Phase III Co., Ltd. (referred to as the Phase III Fund) was registered on May 24, with a capital of