China's Big Fund III may top US$40 billion to bolster domestic chips and equipment self-production

Chiang, Jen-Chieh, Taipei; Willis Ke, DIGITIMES Asia Monday 25 March 2024 0

Credit: AFP

China is aggressively raising funds to support sustained double-digit annual growth in domestic chip production capacity and cultivate homegrown equipment development for import substitution, with the funds likely to run up to US$40 billion.

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