China Announces $27 Billion Fund to Bolster Semiconductor Industry
Friday, 8 March 2024, 11:39
China's $27B Semiconductor Fund to Outsmart US Restrictions - Report
China is establishing a record-breaking $27 billion chip fund to combat US restrictions on advanced technologies and enhance self-sufficiency in semiconductors.
Key Points:
- China is raising $27 billion for its largest chip fund yet.
- The fund aims to counter US curbs on advanced technologies.
- China seeks to achieve self-sufficiency in semiconductors.
This strategic move is expected to have significant repercussions on the global tech industry, marking China's ambitious drive towards technological autonomy.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.