China promises to invest 12.9 billion yuan (about S $ 2.5 billion) to the country's largest memory chip manufacturer, which may indicate that government funds will once again pour into the chip industry in the US sanctions.
Bloomberg reports that according to the Tianyancha website that disclosed the company's registration information, the China National Integrated Circuit Industry Investment Fund (referred to as the Great Fund) will invest 12.9 billion yuan from the Yangtze River storage.The website shows that the capital injection from the Great Fund is scheduled to be completed on January 31.
This capital injection scale indicates that Beijing has once again increased investment in the chip industry that is in trouble.As the global demand declines, China's chip industry has been blocked by the United States.
The transaction of the Yangtze River storage is the largest industry investment in the large fund for several months.
It is reported that the Chinese government, which was dissatisfied with the stagnation of local chips, launched a extensive anti -corruption survey in 2022. The industry's senior officials and several executives related to large funds have disappeared.The Chinese economy has begun to rebound now, which may ease the government's financial situation that has been restricted by the crown disease in the past few years.
The Yangtze River Storage headquarters in Hubei is one of the few chip manufacturers that are expected to catch up with the world's leading companies.Applications such as servers provide storage chips.The company is regarded as a Chinese national champion company, and last year was included in the blacklist of the United States' extended trade.
