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China Creates $47.5 Billion Chip Fund to Back Nation's Firms

(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 CoolingMusk’s xAI Raises $6 Billion in Bid to Challenge OpenAIXi’s China EV Dream Came True. 10 Years On, Walls Are Going UpChi ....

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Beijing answers Biden's CHIPS Act with the $47.5 billion Big Fund III

China's largest-ever semiconductor investment fund. ....

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Asato.AI bolsters its Board of Directors with the addition of industry veterans Lip-Bu Tan and Kumar Sreekanti

Asato.AI bolsters its Board of Directors with the addition of industry veterans Lip-Bu Tan and Kumar Sreekanti
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China: China exerts grip on tech as Beijing expands economy control

Under Xi, the Chinese Communist Party and the state-backed sector have played an increasingly important role in industries from finance to markets and technology, especially as a blistering crackdown on firms such as Alibaba Group Holding Ltd. and Ant Group Co. curtailed the power of private enterprise. ....

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