https://www.msn.com/en-us/money/markets/china-defiantly-unfazed-by-ai-chip-sanctions-imposed-by-us-sets-up-475-billion-fund/ar-BB1n7UH5
Amid escalating tensions and a global race for semiconductor supremacy, China has announced the creation of its largest-ever $47.5 Billion fund aimed at boosting its domestic chip manufacturing capabilities.
Despite years of semiconductor-based sanctions imposed by the US, China remains undeterred, showcasing resilience and innovation in its tech sector. This bold move signifies China’s commitment to achieving self-reliance in chip manufacturing and reducing dependence on foreign suppliers.