Tech war: Shanghai invests $1 billion in chip fund as China seeks self-sufficiency
The Shanghai Semiconductor Industry Investment Fund (SSIIF), run by the city government to support the local chip industry, has doubled its size to around $2 billion after a new round of financing as the Chinese semiconductor industry pumps even more…
Tech war: China increases state subsidies for chip industry to counter US sanctions
Government subsidies received by leading players in China’s semiconductor industry – including semiconductor foundries and chip design and packaging companies – rose sharply last year as Beijing redoubled efforts to increase technological self-sufficiency amid growing tensions with Washington. The South…
Tech war: China increases state subsidies for chip industry to counter US sanctions
Government subsidies received by leading players in China’s semiconductor industry – including semiconductor foundries and chip design and packaging companies – rose sharply last year as Beijing redoubled efforts to increase technological self-sufficiency amid growing tensions with Washington. The South…
Tech War: China’s SMIC reports strong sales growth as geopolitical tensions boost local demand
China’s largest chipmaker Semiconductor Manufacturing International Corp (SMIC) reported strong sales growth in the second quarter as customers rushed to place orders amid rising geopolitical tensions, company and board statements showed. The Shanghai-based foundry’s revenue rose 22 percent year-on-year to…
