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DeepNewz, mobile.
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China is investing tens of billions of dollars into its semiconductor industry to enhance its competitiveness in the tech war with the US. The IC Big Fund will focus on major semiconductor manufacturers and AI-related chips, including High Bandwidth Memory. This move comes as part of China's efforts to lead in the AI age and counter US export curbs on semiconductor chips.
From @Breakingviews: China is roping in financial blue-chips in a renewed push to achieve technological self-sufficiency. As six of the country's biggest lenders have invested in Beijing's largest semiconductor fund, Chan Ka Sing explains why it is risky https://t.co/NZHNx9TE33 https://t.co/23Lxd55syY
🤖🇨🇳 China plans a $47.5B chip fund focused on AI as U.S. export curbs tighten, reveals NYU prof. If AI's your game, this could be a game-changer! https://t.co/0kv0u2D013
China's $47.5 billion chip fund will likely focus on AI amid U.S. export curbs, NYU professor says https://t.co/uPecc0A84l
