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China’s Betting Nearly $48 Billion on Renewed Chip Tech Plan

A Kirin 9000s chip fabricated in China by Semiconductor Manufacturing International Corp. (SMIC), taken from a Huawei Mate X5 foldable smartphone. — A Kirin 9000s chip fabricated in China by Semiconductor Manufacturing International Corp. (SMIC), taken from a Huawei Mate X5 foldable smartphone.
Photographer: James Park/Bloomberg

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May 28, 2024 at 11:04 AM UTC

China has set up a $47.5 billion semiconductor investment fund as it renews its pursuit of self-reliance in the age of artificial intelligence. But first...

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