(Beijing Comprehensive News) China has promised to invest 12.9 billion yuan (approximately S $ 2.5 billion) in the country's largest memory chip manufacturer in China.This may indicate that government funds will pour again into the chip industry that has been sanctioned by the United States.
According to Bloomberg News Agency on Friday (March 3), the Tianyan check website information that disclosed the company's registration information shows that the China National Integrated Circuit Industry Investment Fund (referred to as the Great Fund) shall beEssenceThis transaction is the largest industry investment in the large fund for several months.
China's chip industry is facing decline in demand and technical enclosure challenges
The scale of capital injection indicates that Beijing has once again increased its investment in the chip industry that is in trouble.This industry is facing the dual challenge of the decline in global demand and the surrounding of American technology.
The Yangtze River Storage is one of the few chip manufacturers that are expected to catch up with the world's leading companies.It provides storage chips for applications such as smartphones to data center servers.It was included in export control "entity list" by the United States last year.
The Great Fund is the main tool for Chinese official domestic chip manufacturers to provide funds, with $ 45 billion in capital (about S $ 60.6 billion).
In addition, Ma Huateng and other Chinese Internet tycoons are not in the list of representatives or members of the Chinese Conference this year, and they are replaced by chip researchers and engineers.Mid -Times News quoted anonymous professor at the Party School of the Central Committee of the Communist Party of China that Chinese officials will focus on winning science and technology competitions with the United States.
