Guangzhou establishes US$29 billion funds for semiconductor

Digitimes
Feb 21, 2023, 10:45 pm242 pts
China's Guangzhou city recently announced the establishment of two funds of funds (FoFs): the CNY150 billion (US$21.8 billion) Guangzhou industrial investment FoF and the CNY50 billion (US$7.2 billion) Guangzhou innovative investment FoF. The two FoFs, with a combined scale of CNY200 billion (US$29 billion),…

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