China to Launch $41 Billion Third Semiconductor Fund

  • The China Integrated Circuit Industry Investment Fund aims to raise 300 billion yuan ($41 billion), outperforming its previous 2014 and 2019 funds.
  • The fund will majorly invest in chip manufacturing equipment, advancing China’s intent for self-reliance in semiconductors amid US trade restrictions.
  • The finance ministry and other backers such as China Development Bank Capital, China National Tobacco Corporation and China Telecom anticipate investing once the confidential discussions conclude.
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