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April 27, 2018 05:00 pm GMT

China-Backed Chip Fund Close To Securing $19B Round

China’s National Integrated Circuitry Investment Fund is approaching a close to the second fund in preparation for continuing the push for local chip production, according to recent reports. The fund itself has been started by the country’s government in support of bringing an end to reliance on semiconductor-related imports. The second fund in question, meanwhile, […]

The post China-Backed Chip Fund Close To Securing $19B Round appeared first on AndroidHeadlines.com |.


Original Link: https://www.androidheadlines.com/2018/04/china-backed-chip-fund-close-to-securing-19b-round.html

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