China seeks to raise 200b yuan to fuel homegrown chip dream
Hong Kong
CHINA'S government aims to raise as much as 200 billion yuan (S$41.8 billion) to invest in homegrown chip companies and accelerate its ambition of building a world-class semiconductor industry, people familiar with the matter said.
The state-backed China Integrated Circuit Industry Investment Fund Co is in talks with government agencies and corporations to raise at least 150 billion yuan for its second fund vehicle, but is angling for up to 200 billion yuan, the sources said, speaking …
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think