China Creates 27 Billion Dollar Fund for Chip Manufacturing

Below excerpt article reported by Tanna. S. (2024, March 8). China prepares $27 billion chip fund to counter growing US restrictions, Bloomberg reports. Reuters

China prepares $27 bln chip fund to counter growing US restrictions, Bloomberg reports

“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.”

Below excerpt article reported by Shilov. A. (2024, January 3). China to lead semiconductor industry expansion with 18 new fabs in 2024 —global chipmaking capacity to reach record heights. News Net Daily

China to lead semiconductor industry expansion with 18 new fabs in 2024 —global chipmaking capacity to reach record heights

“The SEMI World Fab Forecast report anticipates a 6.4% increase in capacity in 2024, reaching over 30 million wafer starts per month (wpm). Driven by serious government funding, China is predicted to lead the world in expanding semiconductor production, with a total of 18 new fabs expected to begin production in 2024.”

“The rather substantial 6.4% increase in wafer processing capacity follows a 5.5% rise to 29.6 million WSPM in 2023. The expansion is primarily driven by developments in leading-edge logic by Intel, TSMC, and Samsung Foundry, as demand for processors aimed at artificial intelligence (AI) and high-performance computing (HPC) applications continues to grow rapidly.”

To read full article, click here

Discover more global news on INFYNIT Global News in INFYNIT Social.
Watch more UNCENSORED Global News on INFYNIT UNCENSORED Global News
Legal Disclaimer: INFYNIT is providing the content here for educational purposes only. All opinions are of the original author and not an opinion of INFYNIT or any of its affiliates.