27
May
China has made a bold move to bolster its domestic semiconductor industry with the establishment of a massive new investment fund. The fund, valued at a staggering 47.5 billion USD (344 billion yuan), marks a significant step in China's ongoing quest for technological independence, particularly in the crucial chip sector. A Chinese flag is displayed next to a "Made in China" sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Photo: REUTERS The Semiconductor Squeeze: A Pressing Challenge The global chip shortage has exposed vulnerabilities in supply chains, and China, heavily…