China creates $47 billion chiptech investment fund

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Third 'Big Fund' is close to the level of US and EU subsidy programs

The fund is actually the third version of the"National Integrated Circuit Industry Investment Fund" – colloquially known as the"Big Fund."

That may be a nod to the spotty track record of China's efforts to create a local semiconductor industry. While the likes of Yangtze Memory and China Semiconductor Manufacturing International Corp have produced world-class silicon, other initiatives have cratered.

China is not allowed to buy from ASML, and its indigenous semiconductor manufacturers can't currently match the likes of TSMC and Intel.

 

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