China establishes $ 47.5 billion to Investment Fund

China has set up the country’s largest fund to invest in semiconductors to support the development of the local disc industry, in the latest efforts that Beijing has made to achieve self -sufficiency, amid the United States to limit its growth. The third phase of the financing of the National Investment Fund in the Integrated Circuit Industry (Niciif) raised funds of 344 billion yuan ($ 47.5 billion) of the central government and a number of banks and government companies, including ‘Industry and Trade in Bank of China’, according to ‘Tianyancha’, official companies collect. The fund was established on May 24, and the Chinese Ministry of Finance is the largest shareholder in IT, and investment companies owned by local governments in Shenzen and Beijing contributed. The Shanksan government funds a number of creation facilities in the province of Guangdong, south of China, in an effort to free Huawei Technologies from restrictions imposed by the United States years ago, which deprived the company of a large number of imported semiconductor components. The Premium Superiority Race has ordered the major powers, led by the United States and the European Union, about $ 81 billion to accelerate the production of large quantities of the new generation semiconductors, thus raising the global confrontation with China to perform in the slide sector. China has been one of the biggest spending on the sector or similar over the past decade, as government investments have been used to finance local chips, such as “Sicconductor Manufacturing International Corp”. The new Investment Fund, known as ‘Big Fund III’ or the Grand Fund 3, is an example of the new campaign that leads Beijing to the build-up of a supply chain of its own semiconductors, while the United States requests its allies- including the Netherlands, Germany, South Korea and Japan- to obtain the possibility of the possibility of China’s to fill the current execution constraints. On the other hand, the prices of the shares of the big Chinese chip enterprises today, Monday, jumped as the price of ‘Symoconder Manuettaturte International’, which is the largest electronic disc maker in China, with 5.4% in Hong Kong, while the share price of “Hua Hong Solegonductor”, the smaller competitive company Rose Size, with more than 6%.