China has announced plans to invest $47.5 billion USD into its chip industry, the country’s largest ever semiconductor investment.
This deal is aimed at boosting the country’s chip production and reducing its reliance on foreign suppliers. It is also part of the Made in China 2025 initiative, which aims to make the country a global leader in artificial intelligence (AI), 5G wireless, and quantum computing.
The report further mentions that the fund will be used to develop chip manufacturing, design, equipment, packaging, and testing technologies up to international standards by 2030, in an effort to become a major player in the global chip industry.
