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China's $47b third semiconductor 'Big Fund' kickstarts investments

China's $47b third semiconductor 'Big Fund' kickstarts investments

Photo by Eric Prouzet on Unsplash

China’s third state-backed 344-billion-yuan ($47.5 billion) investment fund, which is aimed at propelling the country’s self-sufficiency in chipmaking, has started investments by backing two new funds amid an intensifying crackdown from the US. 

Edited by: Padma Priya

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