The value of China’s annual chip imports has surpassed oil in recent years, surging to US$312 billion in 2018. Photo: REUTERS
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

The value of China’s annual chip imports has surpassed oil in recent years, surging to US$312 billion in 2018. Photo: REUTERS
The value of China’s annual chip imports has surpassed oil in recent years, surging to US$312 billion in 2018. Photo: REUTERS
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