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    Home » China launches $47.5B fund to boost semiconductor industry
    boost semiconductot sector
    boost semiconductot sector
    IT Infrastructure

    China launches $47.5B fund to boost semiconductor industry

    By Sissy LiMay 28, 2024Updated:May 29, 2024No Comments2 Mins Read
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    • China established its third National Semiconductor Investment Fund with a registered capital of 344 billion yuan (US$4.75 billion).
    • The investment demonstrates President Xi Jinping’s determination to promote China’s semiconductor self-sufficiency.
    • The move takes on added urgency after the United States recently implemented export controls aimed at preventing China from using advanced chips to boost its military capabilities.

    China recently established its third National Semiconductor Investment Fund with a registered capital of 344 billion yuan (approximately US$4.75 billion). This move aims to promote the development of China’s semiconductor industry and accelerate the realization of chip self-sufficiency. This huge investment demonstrates President Xi Jinping’s firm determination to achieve independent control in the semiconductor field, especially in the context of the United States’ implementation of a series of export control measures in recent years to restrict China’s access to advanced chip technology.

    Fund establishment background

    China recently established its third National Semiconductor Investment Fund with a registered capital of 344 billion yuan (approximately US$4.75 billion), which was disclosed through the registration documents of the government-run company. This fund aims to promote the development of China’s semiconductor industry and respond to the country’s demand for independent and controllable high-tech fields.

    Promote semiconductor self-sufficiency

    President Xi Jinping has been committed to achieving China’s self-sufficiency in the semiconductor field, and this investment action is an important manifestation of this goal. The huge investment of hundreds of billions of yuan demonstrates China’s determination and strength on the road to semiconductor independence and strives to reduce its dependence on foreign technology.

    Also read: Samsung reshuffles semiconductor leadership, boosts AI market

    Also read: 5 best semiconductor companies

    Coping with U.S. export controls

    In recent years, the United States has implemented a series of export control measures against China, restricting the export of advanced chip technology, citing concerns that these technologies may be used by China for military purposes. Against this background, China has increased its investment in the semiconductor industry, aiming to improve domestic semiconductor technology levels and ensure technological and national defense security through independent research and development and production.

    boost semiconductor sector export investment fund
    Sissy Li

    Sissy Li, a news reporter at BTW media dedicated in Fintech and Blockchain. She graduated from Macau University of Technology and Science. Send tips to s.li@btw.media.

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