China sets up $47.5 billion state fund to boost semiconductor industry

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Keegan Matheson on Blue Jays, Baseball Memories, and More | SaltWire #writer #torontobluejays #mlbBEIJING - China has set up a new state-backed investment fund with registered capital of 344 billion yuan to boost the country's semiconductor industry.

The third phase of its national integrated circuit industry investment fund was officially set up on May 24, according to Chinese information database company, Tianyancha.China's finance ministry is the biggest shareholder with a 17% stake, according to Tianyancha.It has been our privilege to have the trust and support of our East Coast communities for the last 200 years. Our SaltWire team is always watching out for the place we call home.

 

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