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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
Friday 7 June 2024
China Resources' acquisition of JCET shares is killing two birds with one stone
In March, China Resources announced the stunning news of acquiring SMIC's shares of JCET Group, a packaging and testing firm invested by China's National IC Industry Investment Fund...
Friday 7 June 2024
Chinese government gaining control of domestic semiconductor industry
China's state-owned capital has been fast expanding its investment in the country's semiconductor industry, taking control of major firms, according to industry sources.
Thursday 6 June 2024
China's Big Chip Fund to exceed US$47.5 billion goal, adviser says
China's main national chip fund should wind up raising more than the US$47.5 billion originally disclosed, a senior adviser to Beijing said, reflecting the government's resolve to...
Wednesday 5 June 2024
For Big Fund Phase 3, the devil is in the funding structure details
The long-rumored third phase of China's national semiconductor fund, commonly known as "the Big Fund," has finally been officially announced. The fund scale of CNY344 billion (US$47.5...
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...