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China boosts state-led chip investment
China is reportedly raising more than US$27bn for the third phase of its National Integrated Circuit Industry Investment Fund. Also known as the National IC Fund, or the “Big Fund”, the state-owned investment vehicle is backed by China’s finance ministry and state-owned enterprises, as well as central and local investment vehicles. This follows China’s new special Treasury bonds, which will be directed at “strategic” areas. Why does it matter? The latest funding efforts reflect China’s enhanced prioritisation of technological advancement, particularly amid reports that the US hopes to deepen its ... (full story)