China set up a new ~$47.5B state-backed investment fund on May 24 as the third and largest phase of its Big Fund to boost the country's semiconductor industry
Reuters
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Discussion
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@gaoyuan86
Gao Yuan
on x
The Big Fund III is finally here. China amassed $47.5bln in the latest national chip fund to grow domestic capabilities and make tech breakthroughs. #semiconductors #chip #China #US #sanction https://www.bloomberg.com/...
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@pelstrom
Peter Elstrom
on x
China has set up the country's largest-ever semiconductor investment fund to propel development of the domestic chip industry, a $47.5 billion effort achieve self-sufficiency as the US seeks to restrict its growth. From @GaoYuan86 https://www.bloomberg.com/...
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@sino_market
@sino_market
on x
The registered capital of the third phase of the Big Fund is 340 billion yuan, which is an increase of 66.6% compared to the second phase. #China #manufacturing
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@dnystedt
Dan Nystedt
on x
FYI, looks like this should read US$47.5 billion (CNY 344 billion yuan). Due to differences in counting, this happens sometimes. CN Wire is a good resource.
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r/technology
r
on reddit
China sets up third fund with $47.5 bln to boost semiconductor sector
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r/WallStreetbetsELITE
r
on reddit
China is pumping another $47.5 billion into its chip industry
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r/Economics
r
on reddit
China is pumping another $47.5 billion into its chip industry