The value of China’s annual chip imports has surpassed oil in recent years, surging to US$312 billion in 2018. Photo: REUTERS
China completes second round of US$29 billion Big Fund aimed at investing in domestic chip industry
- New investment is likely to lean towards applications in downstream supply chain, such as chip design, advanced materials and equipment areas
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US-China tech war
The value of China’s annual chip imports has surpassed oil in recent years, surging to US$312 billion in 2018. Photo: REUTERS