China’s Big Fund To Raise Another $41 Billion To Defeat US and Other Rivals In Semiconductor Space
China’s Big Fund To Raise Another $41 Billion To Defeat US and Other Rivals In Semiconductor Space
Staff
Tue, 09/05/2023 - 15:00
China’s government reports have stated that the previous funds have managed to raise 38.7 billion yuan and 200 billion yuan respectively
In an effort to beat the US and other rivals in the semiconductor and technology space, China is all likely to unleash another investment scheme backed by the government. The scheme is looking forward to raise $40 billion to boost the semiconductor sector, two unnamed officials familiar with this subject told Reuters.
[original story: Circuit Digest]