China Prepares $27 Billion Chip Fund to Counter Growing US Restrictions, Bloomberg Reports

Date:

March 8, 2024

(Reuters) – China is in the process of raising more than $27 billion for its largest chip fund to date to accelerate the development of cutting-edge technologies to counter a U.S. campaign to thwart its rise, Bloomberg News reported on Friday. (Reporting by Shivani Tanna in Bengaluru; Editing by …

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China Prepares $27 Billion Chip Fund to Counter Growing US Restrictions, Bloomberg Reports

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