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China Establishes $47.5 Billion Fund to Enhance Semiconductor Industry

May 27, 2024 1 min read

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China has launched a new state-backed investment fund aimed at bolstering its semiconductor industry, with a registered capital of 344 billion yuan ($47.5 billion). Officially established on May 24, the fund sees the country's finance ministry contributing a 17% stake, making it the largest shareholder.

The third phase of the national integrated circuit industry investment fund was formed by Tianyancha, a Chinese information database company. This initiative is part of China's broader efforts to enhance its capabilities in the semiconductor sector, which is critical for various technology industries.

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