China has created a $29B state-backed fund to invest in the semiconductor industry, from design to manufacturing, to reduce its dependency on US technology
- Second of its kind, the fund is mainly backed by state capital — China wants to become self-reliant in chip-making and design
Money certainly talks but the idea that more money will succeed where past money, overcapacity and 20 years have not beggars belief: China to Funnel $29 Billion Towards its Chip Ambitions https://www.bloomberg.com/...
Like I've long argued - Trump's trade war is accelerating indigenous innovation push in China Trump is shooting US companies in foot (head?). US no longer trustworthy part of the global supply chain anymore And a stupid political class wants more blood https://www.bloomberg.com/.…