China Launches $47 Billion Semiconductor Fund, Allocating 344 Billion Yuan, Ahead of Trump Inauguration

China's third semiconductor 'Big Fund' has commenced its operations with a substantial allocation of 344 billion yuan (approximately $47 billion). This initiative, which began funding at the end of 2024, aims to enhance the country's semiconductor capabilities in anticipation of the upcoming inauguration of US President Donald Trump. The fund has already invested 93 billion yuan to establish a joint fund with Huaxin Investment, reflecting China's strategy to attract external investments to bolster its chip industry.