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China creates $47bn chiptech investment fund to boost development
China has set aside a huge amount of money in an effort to boost domestic semiconductor development, totalling $47 billion.
As China plans to gear up once more, they face stiff competition and have even had international sanctions from the United States preventing them from buying high-end processors and accelerators. While the figure is nowhere close to what China’s latest investment fund includes, the government in the United States is making moves to bolster the production of chips. Heading straight into a regional newsroom, after graduating with a BA (Hons) degree in Journalism, Sophie started by working for Reach PLC.
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