Chip war heats up: China to launch $40B state fund for semiconductor manufacturing

China is preparing to launch a $40 billion investment fund to subsidize its semiconductor industry and catch up to the US and other rivals in high-end chip production.

foxbusiness.com

Relevant topic timeline:

8/29/2023

Chinese investors rush to offshore funds to offset domestic risks

Chinese investors are flocking to investment products with exposure to overseas assets, such as exchange traded funds (ETFs) and mutual funds, in order to diversify their portfolios amidst a weak stock market, geopolitical risks, and a falling currency, with a record number of 38 Qualified Domestic Institutional Investor (QDII) funds launched this year.

8/30/2023

China’s Biggest Homebuilder Raises Capital in Scramble to Pay Debts

China's biggest homebuilder, Country Garden, plans to raise $34 million by issuing new shares in a bid to alleviate its $190 billion debt burden and address the country's expanding real estate crisis.

8/29/2023

US companies are finding China increasingly 'uninvestible', commerce secretary Gina Raimondo says

US companies are becoming increasingly hesitant to invest in China due to concerns over new anti-spying laws, competition from state-funded firms, and the country's economic challenges such as deflation and a property crisis.

9/12/2023

U.S. and Vietnam Sign Deals to Advance AI and Tech Cooperation

The United States and Vietnam have entered into business deals and partnerships worth billions of dollars to advance cooperation in AI technologies and other critical sectors, marking an "upgrading" of their relationship and a focus on building a resilient semiconductor supply chain.

9/19/2023

China's Venture Capital Struggles to Deliver Returns Amid Tough Markets

China-focused investment firms have struggled to generate returns for their investors, with only four U.S. dollar-denominated venture capital funds established between 2015 and 2020 able to return all the money invested, reflecting a lack of IPOs and the need for alternative exit strategies such as mergers and acquisitions or general partner-led deals.

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Posted 9/5/2023, 7:08:24 PM

Chip war heats up: China to launch $40B state fund for semiconductor manufacturing

China is preparing to launch a $40 billion investment fund to subsidize its semiconductor industry and catch up to the US and other rivals in high-end chip production.

foxbusiness.com

Relevant topic timeline:

8/29/2023

Chinese investors rush to offshore funds to offset domestic risks

8/30/2023

China’s Biggest Homebuilder Raises Capital in Scramble to Pay Debts

8/29/2023

US companies are finding China increasingly 'uninvestible', commerce secretary Gina Raimondo says

9/12/2023

U.S. and Vietnam Sign Deals to Advance AI and Tech Cooperation

9/19/2023

China's Venture Capital Struggles to Deliver Returns Amid Tough Markets