BEIJING -- China's government has launched a new state-backed semiconductor fund worth 344 billion yuan ($47 billion), in a strategic move to counter U.S. efforts to limit its access to advanced technology.
Supply Chain
China launches $47bn chip fund to counter U.S. restrictions
Beijing's investments for self-sufficiency expected to focus on AI semiconductors
China and the U.S. are locked in an intense competition over semiconductor technology. © Reuters
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