China accelerates Semiconductor self-sufficiency: $5.4 Billion Investment powers Memory Chip growth

In a significant move highlighting China’s dedication to technological self-sufficiency, semiconductor start-up Changxin Xinqiao Memory Technologies, based in Hefei, successfully raised US$5.4 billion in its latest funding round. The funds were secured from government-backed investors, including the China Integrated Circuit Industry Investment Fund Phase II, underscoring Beijing’s commitment to achieving breakthroughs in the semiconductor industry and countering US sanctions.

This strategic investment aligns with China’s broader focus on the semiconductor industry, which has gained momentum amid US efforts to restrict China’s access to cutting-edge chip technologies. Earlier successes were observed with companies like Huawei Technologies, which released a 5G phone featuring silicon produced by top Chinese chip maker Semiconductor Manufacturing International in August.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

China to expand market access, imports, says Premier LiBeijing is also set to release a plan promoting institutional openness in the Shanghai free trade zone.
Fuente: fmtoday - 🏆 5. / 72 Leer más »