State investors including China's biggest government-backed chip investment fund agreed to pour 12.6 billion yuan ($1.7 billion) into a wafer production project in Shenzhen as the country strives to boost its domestic chipmaking capacity.
Caixin
China state investors to inject $1.7bn in Shenzhen wafer foundry
CR Micro's big boost comes as country bids to improve its chipmaking ability
Runpeng Semiconductors, a unit of China Resources Microelectronics, raised 2.3 billion yuan to fund the Shenzhen wafer production project in February.
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