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China's Big Fund
China is investing huge sums through the so-called Big Fund in a bid to raise the country's self-sufficiency for ICs to 40% in 2020, and 70% in 2025.
IN THE NEWS
Monday 3 June 2024
Why China needs US$47.5 billion for Big Fund Phase 3 when chip oversupply is already a concern?
Announcing a US$47.5 billion funding for Phase 3 of the National IC Industry Investment Fund (the "Big Fund"), China's next move is under the eye of global chip players.
Wednesday 29 May 2024
China Big Fund kicks off 3rd phase capital support for local chip industry
China's freshly launched CNY344 billion (US$47.5 billion) national chip fund is likely to prioritize investments in major semiconductor firms, supporting their development of AI computing...
Monday 27 May 2024
China creates US$47.5 billion chip fund to back nation's firms
China has set up the country's largest-ever semiconductor investment fund to propel the development of the domestic chip industry, the latest effort from Beijing to achieve self-sufficiency...
Thursday 18 April 2024
Chinese EDA company attracts investment from Big Fund
China's National Semiconductor Industry Investment Fund (aka the Big Fund) has provided financial support to NineCube, a Chinese electronic design automation (EDA) company established...
Monday 25 March 2024
China's Big Fund III may top US$40 billion to bolster domestic chips and equipment self-production
China is aggressively raising funds to support sustained double-digit annual growth in domestic chip production capacity and cultivate homegrown equipment development for import substitution,...
Tuesday 5 December 2023
China Big Fund II injects US$1 billion into HLMC, may aid advanced chip development
Although the limelight of global media was cast on SMIC for its 7nm chips used in Huawei's Mate 60 Pro smartphone, Shanghai Huali Microelectronics Corp (HLMC), the other China foundry...
Monday 20 November 2023
China Big Fund II invests in CGRA AI chip startup Tsing Micro
Phase II of the China Integrated Circuit Industry Investment Fund (CICF), or the so-called "Big Fund," has announced an investment of 5.88% shares in Tsing Micro, boosting the company's...
Wednesday 1 November 2023
Chinese DRAM maker reportedly secures investment from Big Fund
Following recent technological developments, ChangXin Memory Technologies (CXMT) has received substantial recognition from semiconductor analysis firm TechInsights. As a Chinese DRAM...
Tuesday 5 September 2023
China seeks $40 billion fund to drive chipmaking, Reuters says
China is seeking to raise a $40 billion fund to bankroll investments in domestic chipmaking and research, Reuters reported, citing unidentified people familiar with the matter.
Thursday 31 August 2023
Chinese IDM Silan draws additional investment from Big Fund
China's National Integrated Circuit Industry Investment Fund, also known as the Big Fund, has provided Silan Microelectronics, a Chinese IDM specializing in automotive chips and devices,...
Wednesday 26 July 2023
China's chips trade and production fall in 1H23, downturn pressure remains
In the first half of 2023, China's chips imports, exports and domestic production all declined from a year earlier, putting immense pressure on its semiconductor industry, particularly...
Tuesday 18 July 2023
SMIC chairman replacement implies Big Fund pulls the strings
China's Semiconductor Manufacturing International Corp. (SMIC) announced on July 17 that Liu Xunfeng, who was recommended by the National IC Industry Investment Fund (the "Big Fund"),...
Monday 17 July 2023
YMTC raises NAND prices in China defying market downturn, US trade curbs
Despite the ongoing downturn in the NAND flash market, Chinese maker Yangtze Memory Technologies (YMTC) has recently increased its 128-layer NAND prices by approximately 5%, following...
Friday 19 May 2023
Why are Huawei, SMIC taking different approaches against US curbs?
China's tech giant Huawei and top semiconductor foundry SMIC apparently adopt different approaches against US chip curbs. The former has just announced its successful development...
Thursday 23 March 2023
China's Big Fund reduces stakes in some semiconductor firms as it adjusts investment focus
The National Semiconductor Industry Investment Fund of China (commonly known as the Big Fund) has cut its shareholdings in some semiconductor firms, as it is adjusting its investment...