We are talking about the third stage of the National Integrated Circuit Industry Investment Fund, known as Big Fund III. Contrary to previous stages, it will be for certain problem areas – above all, in the development of lithography systems and programs to design chips. Now these areas are controlled by foreign companies: the Netherlands dominates Asml lithography and lead the American Cadence and Synopsys software.
Although the fund has received only a portion of Yuan (about 48 billion dollars) so far, it is expected to reach the necessary investment volume in the near future.
Source: Ferra
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