Following legislation and major investments from the US and EU to bolster their domestic chip manufacturing industries, and restrictions on the sale of high end chips and tools to China, comes the 100% expected Chinese response.
According to Reuters, the state-backed China Integrated Circuit Industry Investment Fund reported that it's raised funding to the tune of 344 billion yuan ($47.5 billion), which will be used to drive development and achieve self-sufficiency for China's domestic chipmaking industry.
