“are about to launch a new state-backed investment fund that aims to raise approximately $40 billion for the semiconductor industry. she informed. It is to be the largest of the three funds launched by the China Integrated Circuit Investment Fund.
has long been striving for China to become self-sufficient in semiconductor production. The demand for it increased after imposed restrictions on Beijing, fearing that the chips could be used by China to increase military capabilities.
China is tightening the screw and betting even more on semiconductors
Microchips are the basis of modern technology – primarily because they have become necessary for our daily functioning. They are in smartphones, computers, washing machines, vacuum cleaners, cars and trains. They are now also used in medicine.
Reuters describes that the Big Fund, i.e. a Chinese fund, has been financing, among others, the two largest semiconductor factories in China: Semiconductor Manufacturing International Corporation and Hua Hong Semiconductor. Despite these investments the Chinese chip industry does not please the authorities because it does not play as a leading role in the global supply chain as the party would like. This is especially true of advanced chips. Hence the idea for further funding.
Semiconductors. The US and UK are strengthening their cooperation. The EU is in the game
. In practice, this was supposed to limit China’s access to semiconductors. In addition, the United States is tightening economic cooperation with China. In June, it was reported that the US and the UK want to cooperate so that globalization does not make the West hand over key industrial sectors to the Chinese. It’s about semiconductors, for example.
It also wants to increase semiconductor production capacity to secure supplies and join global competition. In June, MEPs adopted regulations on this matter. According to them, projects that increase the security of supply in the Union, attract investments and stimulate production are to be supported.
Source: Gazeta
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