China’s ‘Big Fund’ Gets New Boss To Fight US Chip Export Curbs
- Xi vows to support high-end manufacturing, self-reliance
- US plans to further tighten chip equipment exports to China
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China has assigned a new chief for a high-profile, state-backed chip investment fund amid a renewed push to pour resources into the local semiconductor industry and counter a US-led blockade of the country’s technological development.
Zhang Xin is taking the helm of the National Integrated Circuit Industry Investment Fund Co., better known as the Big Fund, according to the Chinese corporate data service provider Tianyancha. Zhang was previously an official from China’s Ministry of Industry and Information Technology, according to the news outlet Caixin.