China sets up $47.5 bln state fund to boost semiconductor industry

BEIJING - China has set up a new state-backed investment fund with registered capital of 344 billion yuan to boost the country's semiconductor industry.

That commitment has taken on renewed urgency after the U.S. imposed a series of export control measures over the last couple of years, citing fears Beijing could use advanced chips to boost its military capabilities. The third phase will be the largest of the three funds launched by the China Integrated Circuit Industry Investment Fund, known as the "Big Fund."

پاکستان تازہ ترین خبریں, پاکستان عنوانات

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