China's Big Fund III: Accelerating Semiconductor Self-Sufficiency Drive
Monday, 27 May 2024, 11:30
China's Big Fund III: Accelerating Semiconductor Self-Sufficiency Drive
In the latest move towards technological independence, China ramps up its semiconductor self-sufficiency efforts by launching the US$47.5 billion Big Fund III. The fund, led by the Ministry of Finance and major state-owned banks, aims to bolster the country's integrated circuit industry. This significant investment underscores China's determination to reduce reliance on foreign technology, particularly from the US, and solidify its position in the global tech landscape.
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