In a strategic move, China is taking substantial steps to establish a massive $40 billion investment fund dedicated to strengthening its semiconductor industry.
A significant portion of this substantial fund will be allocated to acquiring advanced equipment vital for semiconductor manufacturing.
In response to these formidable challenges, China is gearing up to launch this substantial fund, a decision recently greenlit by Chinese authorities.
The selection of fund managers for this new venture is underway, with the possibility of retaining the same management team that oversaw previous funds.
Transitioning to self-sufficiency in semiconductor manufacturing is not just an economic objective. But also a strategic imperative for nations aiming to assert their technological prowess on the global stage.