China establishes a 27 billion -dollar chip box to confront US restrictions

China tends to raise money with over $ 27 billion for the largest disc fund ever, to accelerate the frequency of developing the latest technologies to address the US campaign to impede its progress. The National Investment Fund in the Integrated Circuit (Niciif) brings together a set of capital of local governments and government companies to finance its third box, the size of which is supposed to exceed the capital of the 200bn Yuan’s second fund, according to “Bloomberg” cited by people familiar with the case. The government business, known as the ‘Grand Fund’, is expanding its activities, while the United States is preparing to tighten technology restrictions, which aim to hamper China’s efforts to develop discs and artificial intelligence. Attempts to self -suffice indicate the establishment of a third larger fund, which will be directly supervised by the Chinese Ministry of Technology, to the return of efforts to support the largest market for the semi -conductors in the world, after years of volatile success under the central administration. “Huawei Technologies” and his partner, “Symondukind Manufakt, International”, were forced to rely on US technology last year to produce an advanced processor. It is expected that most of the capital of the third phase of the ‘big fund’ of local governments and its investment weapons and government companies will come, while the central government will contribute with a small small part, according to ‘Bloomberg’, a person has quoted, which added that the current purpose of Beijing is to collect a major capital to finance major projects. Also read: How does China try to free from the United States “restrictions”? Beijing is the renewal of efforts to bring about self -sufficiency, while the United States, including the Netherlands, Germany, South Korea and Japan, encourages to tighten the restrictions on China’s semiconductor technology and fill gaps in existing export restrictions. Therefore, the ‘big fund’ plays an important role in China’s efforts. Local companies support investors who study the award of billions of Yuan to the third phase investment fund, including the Shanghai governments and other cities, the China Chengtonog Holdings Group, and the ‘China National Development and Investment Company’, according to those who have not asked for their identity. Also read: An American court releasing a Chinese company from the charge of stealing the secrets of the disk industry. According to Bloomberg, negotiations on financing collection are still underway, and this can be completed for months. The Chinese Ministry of Industry and Information Technology, neither Shanghai government, nor the “Chengtong” and “China National Development and Investment” businesses did not respond to requests to suspend from Bloomberg. The ‘Grand Fund’ is the ‘Grand Fund’ – which is shrouded in Mystery – the most important tool for China to provide financial support to local chips. The fund was established in 2014, and it attracted a capital of about $ 45 billion and supported a large number of companies, such as the two giant national chips “Simonukind Manufakt,” and Yangtze Memory Technologies. “Simonukone ManuvactCer International” – its headquarters in Shanghai – is the most important chips of “Huawei”, and it managed to produce a 7 nanomcraft processor for the Mate 60 Pro in 2023, an achievement that the United States believed to be difficult for China to achieve. Also read: The Huawei phone proves that China’s abandonment of US Chip providers, the second phase of the fund was established in 2019, and in the current period it was interested in 48 local chips. While the first fund – founded in 2014 – produces a contributor to 74 existing and emerging businesses, according to the “Tyanyancha” database of companies. The entities that will receive capital from the ‘big fund’ will be considered an official approval of Beijing, and it usually helps to open doors for other potential investors and gain greater government support. Nevertheless, the fund mostly works away from the spotlight, and the investment standards are immune to public opinion, which some critics describe as limiting its officials. The return to the activity is the slowest rate of its investments after an investigation into the illegal profit in 2022, which led to the overthrow of his former president and a number of other officials. The highest Chinese leadership ordered the opening of investigations after their disappointment as a result of the lack of progress with the development of semiconductors to replace foreign imports after years of major government investments. The ‘Grand Fund’ returned to the activity at the end of last year and invested more than 10 billion Yuan at Changxin Xinqiao Memory Technologies, founded two years ago. “Changhene Xinchiao” – which many people do not know – was founded in 2021 and has some joint shareholders, and the same general manager who leads the company “Changsin Memory Technologies”, the leader of the Dynamic Ram (dram) in China. According to ‘Tian Yanca’, his headquarters is also located in a hidden city, East China.