The National Integrated Circuit Industry Investment Fund is amassing a pool of capital from local governments and state enterprises for its third vehicle that should exceed the 200 billion yuan of its second fund, according to people familiar with the matter.
Known as the Big Fund, the state-backed firm is expanding its remit just as the US prepares to sharply escalate technology curbs designed to curtail Chinese chip and artificial intelligence progress.
The establishment of a much larger third fund - directly overseen by China's powerful tech ministry - signals a resurgent effort to harness the world's largest semiconductor market after years of mixed success with central stewardship. Huawei Technologies and its partner Semi- conductor Manufacturing International Corp still had to rely on US-origin technology to build an advanced processor last year.
Bu hikaye Financial Express Mumbai dergisinin March 09, 2024 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin March 09, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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