6 years ago
Watch out, Qualcomm: China set to launch $47 billion chip investment fund
China is reportedly set to announce a new 300 billion yuan ($47.4 billion) investment fund for its semiconductor industry. The fund will be used to develop the sector as Beijing tries to narrow the gap between U.S. chipset manufacturers and its own players, the Wall Street Journal (paywall) reported, citing sources familiar with the plans.
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