China goes big with latest chip investment fund

The $47 billion investment represents the country's largest chip fund to date

Image credit: Meta AI and Canva

China has invested over $47 billion in its largest chip investment fund to date, aiming to achieve self-sufficiency in semiconductor manufacturing.

Here are a few key points:

• This move is part of China's response to increasing tensions with the United States, which has been trying to limit Chinese access to advanced US technology.

• The new fund, larger than previous ones combined, includes contributions from China's finance ministry, state-owned banks, and businesses.

• The Ministry of Finance is the largest shareholder, with significant investments from state-owned enterprises in key cities like Shanghai, Beijing, and Shenzhen.