China's $47 Billion Investment in National Chip Fund: Boosting Domestic Semiconductor Industry and Reducing Dependence on Foreign Technology

Beijing, Beijing Municipality China
China invests over $47 billion into its largest-ever chip investment fund
The investment is a part of Beijing's efforts to reduce reliance on foreign technology and achieve technological supremacy
The National Integrated Circuit Industry Investment Fund is larger than previous iterations combined
The US-China relationship has been deteriorating, with the semiconductor industry being a major point of contention
China's $47 Billion Investment in National Chip Fund: Boosting Domestic Semiconductor Industry and Reducing Dependence on Foreign Technology

China's Ambitious $47 Billion Chip Investment Fund: A Drive for Self-Sufficiency in the Semiconductor Industry

In a significant move towards self-sufficiency in the semiconductor manufacturing sector, China has invested over $47 billion into its largest-ever chip investment fund. The National Integrated Circuit Industry Investment Fund, which is larger than the previous two iterations combined, was incorporated by China's Ministry of Finance and state-owned companies from Shanghai, Beijing and Shenzhen.

The semiconductor industry holds immense importance in today's economy as chips are used in a wide range of products from kitchen appliances to advanced technology. With the US seeking to restrict Chinese companies' access to advanced technology, China has been investing heavily in developing homegrown chipmakers.

According to reports, the third phase of the National Integrated Circuit Industry Investment Fund has amassed 344 billion yuan ($47.5 billion) from various state-owned banks and enterprises including Industrial & Commercial Bank of China Ltd. This investment is a part of Beijing's efforts to reduce its reliance on foreign technology and achieve technological supremacy.

The US-China relationship has been deteriorating in recent years, with the semiconductor industry being one of the major points of contention. The US has been seeking to cut Chinese companies off from supply chains that give them access to advanced American technology. In response, China is investing heavily in its domestic chip industry and developing homegrown chipmakers.

The investment fund will provide much-needed financial support to the semiconductor industry in China, which is expected to boost the sector's growth and contribute significantly to the country's technological development. The move towards self-sufficiency in this crucial sector is a significant step towards reducing China's dependence on foreign technology and enhancing its technological capabilities.

Sources:

  1. techxplore.com/news/2024-05-china-invests-billion-largest-chip.html
  2. bloomberg.com/news/articles/2024-05-27/china-creates-$47--5bn--chip--fund--to--back--nation-’s-firms
  3. ft.com/content/175a36b0-c928-4285-bbc1-41b6026e4f92

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Confidence

91%

Doubts
  • Are all reported figures accurate?
  • Is the US truly restricting Chinese companies' access to advanced technology?

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China invests $47 billion in largest ever chip fund

TechXplore Science X Monday, 27 May 2024 11:12
  • Unique Points
    • China invested over $47 billion into its largest-ever chip investment fund
    • Beijing seeks self-sufficiency in the semiconductor manufacturing sector
    • China has plowed billions into developing homegrown chipmakers
    • The third phase of the National Integrated Circuit Industry Investment Fund is larger than the previous two iterations combined and has been invested by China’s Ministry of Finance and state-owned companies from Shanghai, Beijing and Shenzhen
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

98%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

China Creates $47.5 Billion Chip Fund to Back Nation’s Firms

Bloomberg News Now Yuan Gao Monday, 27 May 2024 11:12
  • Unique Points
    • China has set up a 344 billion yuan ($47.5 billion) investment fund for the domestic chip industry.
    • The central government and various state-owned banks and enterprises have contributed to the fund, including Industrial & Commercial Bank of China Ltd.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

92%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

China raises $47bn for chip industry in drive for self-sufficiency

Financial Times Monday, 27 May 2024 11:13
  • Unique Points
    • China raises 47bn dollars for chip industry
    • China is driving for self-sufficiency in the chip industry
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication