The state-backed China Integrated Circuit Industry Investment Fund Co is in talks with government agencies and corporations to raise more funding that will be used to help expand the country’s semiconductor industry. Photo: Shutterstock

China plans to raise funds of up to US$31.6 billion to fuel chip industry

China’s chip strategy aims to reduce a reliance on some US$200 billion of annual semiconductor imports, which the government fears undermines national security and hampers the domestic technology sector

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The state-backed China Integrated Circuit Industry Investment Fund Co is in talks with government agencies and corporations to raise more funding that will be used to help expand the country’s semiconductor industry. Photo: Shutterstock
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