Unveiling China's Game-Changing $40 Billion Leap into the Chip Industry

China has announced plans to invest a staggering £40 billion in its semiconductor industry, with the aim of closing the gap in semiconductor technology between China and the United States and other countries.

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China's Ambitious Investment to Boost Chip Industry

To achieve self-sufficiency in chip manufacturing and overcome restrictions on chip exports imposed by the U.S. and other countries, China plans to use a significant portion of the investment to acquire state-of-the-art equipment for producing computer chips.

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China has been facing challenges in sourcing advanced chip equipment since the U.S., as well as countries including Japan and the Netherlands, restricted its access to such technology in October. In response, the Chinese government has recently approved the establishment of a new fund to address this issue, as disclosed by anonymous sources familiar with the matter.

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Leading Chinese Companies Support the Funding

The fundraising process is expected to take several months before the official launch of the new fund. In the past, the Big Fund, managed by the China Integrated Circuit Industry Investment Fund, has received financial support from the government and major state-owned companies such as China Development Bank Capital, China National Tobacco Corporation, and China Telecom. These investments have been instrumental in fostering the growth of chip factories and technology companies.

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Notably, the Big Fund has played a pivotal role in providing funding to key players in China's semiconductor industry. This includes support for Semiconductor Manufacturing International Corporation (SMIC), one of the leading chip foundries in China, as well as Hua Hong Semiconductor, another prominent player in the semiconductor manufacturing sector. The fund has also extended financial support to Yangtze Memory Technologies, a company specializing in flash memory technology.

Moreover, the Big Fund has made investments in smaller companies and funds within the semiconductor ecosystem. These strategic investments are part of China's broader initiative to foster the development and resilience of its domestic semiconductor industry, reducing reliance on foreign suppliers and achieving technological self-reliance.

China's commitment to investing in its chip industry reflects its determination to compete and excel in semiconductor technology on a global scale. By allocating such a substantial fund, China aims to accelerate its progress towards becoming a leader in this critical industry.

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