Forex
globalreutersMay 27, 20241 Mins read
China launched a US$47bn state-backed fund to boost the country’s semiconductor industry.
globalreutersMay 27, 20241 Mins read Info vis news wires reporting on China’s new state-backed investment fund with registered capital of 344 billion yuan aimed at boosting the semiconductor industry:
- third phase of its national integrated circuit industry investment fund was officially set up on May 24
- China’s finance ministry is the biggest shareholder with a 17% stake
This article was written by Eamonn Sheridan at www.forexlive.com.
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