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US sanctions driving China chip investment splurge
As the US ratchets up sanctions, China throws more money at its semiconductor industry. The sanctions have slowed but not stopped the advance of Chinese semiconductor manufacturing while sales of unsanctioned equipment to China have gone through the roof. China is raising another US$27 billion from government institutions, state-owned enterprises and the private sector for its National Integrated Circuit Industry Investment Fund, according to recent reports. Also called the Big Fund, it currently has about $45 billion in capital, the reports said. This will likely bring total financial support for the Chinese ... (full story)
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- Posted: Mar 11, 2024 10:29pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,507
