Forex and other markets news
18.04.2023, 20:31
China plans to launch a semiconductor fund
China plans to launch a semiconductor fund
security newspaper The China Times reported today (April 18) that Guangdong province in southern China. It is planning to launch a phase two semiconductor fund worth 30 billion yuan ($4.37 billion).
Jin Shenghong, chairman of Chinese asset management firm Yuecai Holdings. said at a semiconductor event in Guangdong The fund will last 17 years and will invest in automotive chips and equipment for semiconductor materials.
First Phase Semiconductor Fund Founded in 2021 with a value of 31 billion yuan. And so far it has invested in 102 companies, 19 of which will be offered through initial public offerings (IPOs) in 2023 and 2024.
Reuters reports that China is seeking self-sufficiency in key technologies such as semiconductors. amid increasing pressure from the United States which limits access to China's semiconductor industry's critical supply chains. by citing national security reasons
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