China’s Ambitious Chip Fund Faces Headwinds Amid Economic Challenges and US Restrictions
China’s latest effort to bolster its semiconductor industry faces challenges in its initial stages, struggling to meet its RMB300 billion ($41 billion) target, with economic hardships cited as the primary reason. This funding round, the most ambitious by China, comes after Beijing approved a third round for the China Integrated Circuit Industry Investment Fund, commonly called the Big Fund, the Financial Times reports. Established in 2014, the Big Fund has significantly driven the growth of the chip industry … Read more…