China Big Fund kicks off 3rd phase capital support for local chip industry

Digitimes
By Rodney ChanMay 28, 2024, 9:39 pm380 ptsTop
China's freshly launched CNY344 billion (US$47.5 billion) national chip fund is likely to prioritize investments in major semiconductor firms, supporting their development of AI computing power and High Bandwidth Memory (HBM), as well as lithography tools that are crucial to advanced chip manufacturing.

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