BEIJING -- A 344 billion yuan ($47 billion) Chinese state-backed investment fund for the domestic chip industry has kicked into gear, as Beijing looks to beef up its domestic supply chain ahead of potential U.S. export restrictions by incoming U.S. President Donald Trump.
Semiconductors
China's 3rd semiconductor 'Big Fund' starts spending $47bn war chest
New fund aims to draw outside money to boost chip industry in preparation for Trump
The $47 billion third phase of China's state-backed "Big Fund" has launched two new funds to attract more outside capital for semiconductor investment. © Reuters
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