Beijing is “doubling down” on its drive to have China make its own chips with another multibillion dollar round of investment into the China Integrated Circuit Industry Investment Fund, commonly known by its nickname, the “Big Fund.” The latest fund pledges almost as much money as the two previous rounds combined.
Previous efforts to build a chipmaking sector had mixed results, with some notable failures and corruption scandals. But high-profile successes from local chipmaking firms and a widening effort by the U.S. to kneecap China's chip development could be motivating Beijing to invest even more money in its semiconductor sector and foster more local chipmaking champions.
