China: Big plans for homegrown chips

A CNY120 billion (US$19 billion) national industry investment fund has been set up to help local foundries finance the build-up of advanced manufacturing processes, and also to assist local IC firms to form mergers and/or make acquisitions internationally. The nation is aiming to raise its self-sufficiency rate for ICs to 40% in 2020, and 70% in 2025.

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