worldwide chip industry continues to develop rapidly. Chips, which are used as the basic building blocks of many modern technological devices, actually have a global strategic importance. Many countries are accelerating their work on chip development, and one of the biggest investors in this context is China. Technology giant China for chip production $47 billion invested. Here are the details…
China Invested $47 Billion in Chip Production
chip industry continues to develop on a global scale. Many countries are making large investments in this regard and accelerating research and development studies. China also announced that it has established a new fund in this regard. Chinese state-backed investment fund In total, it is at the level of 47.5 billion dollars. With this move, China aims to gain technological independence while intensifying competition in the chip industry.
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The US technological embargo on China is getting stricter day by day. China, which aims to get rid of this addiction that restricts the development of brands, has made a great start with this step. The investment fund in question was created with the support of the Chinese Ministry of Finance and 6 Chinese banks. 344 Yuan, or approximately 47.5 billion dollars This support is defined as the 3rd phase of the China Integrated Circuit Industry Investment Fund.
China Integrated Circuit Industry Investment Fundwas established in 2014 and can be said to be the largest fund established in the country so far. Currently in local “big fund” It is referred to as. According to the data announced by Tianyancha (database provider), the largest investor of the fund in question is the Ministry of Finance of China, with a 17% stake and a paid-in capital of 60 billion yuan. The second largest investor is China Development Bank Capital, with a 10.5 percent share.
China Accelerates Its Work in the Chip Industry
Other investors of the fund 5 banks These are Bank of Communications, Commercial Bank of China, Agricultural Bank of China, China Construction Bank and Bank of China. The Chinese banks in question each Their shares in the fund are approximately 6 percent levels.
The big fund at stake is To SMIC and Hua Hong Semiconductor In other words, it is responsible for providing financing to China’s largest chip manufacturers. Frustrated by America’s increasing sanctions, China is increasing its efforts to become self-sufficient in chip production. The success of Chinese brands in technology must be disturbing the USA because it is increasing its restrictions day by day.
in the chip industry This important step seems to take China forward in terms of technology. We will see how this move will be received on a global scale and whether there will be a change in balance in the future.