16:13 - 5.09.2023

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September 5, Fineko/abc.az. The Chinese authorities plan to launch a new state investment fund to raise about $40 billion for its semiconductor sector.

ABC.AZ reports that China is stepping up efforts to catch up with the United States and other rivals in the field of chip production.

It will probably be the largest of the three funds founded by the Chinese Integrated Circuit Industry Investment Fund, also known as the Big Fund.