TAIPEI , Mar. 05, 2018 –
The Chinese government is planning a new 200 billion yuan ($31.5 billion) fund aimed at renewing efforts to kickstart its domestic chip industry and offset a huge trade deficit in imported semiconductors.
The state-backed China Integrated Circuit Industry Investment Fund Co. is in talks with government agencies and corporations, targeting the new financing, according to press reports, citing unidentified people familiar with the matter. Under the reported plan, the fund would begin disbursing money in the second half of 2018.
More money may not be enough to jumpstart China's semiconductor industry, according to Bill McClean, president of market research firm IC Insights.
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