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May 7, 2018 04:57 pm GMT

China closing in on massive new chip fund in bid to dominate US semiconductor industry

Chinas government has made technological independence from the United States one of its highest priorities. And now, it appears to be putting its money where its messaging has been. According to the Wall Street Journal, China is close to finalizing a $47 billion investment fund that would finance semiconductor research and chip startup development. The […]

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