China Integrated Circuit Industry Investment Fund

New Business

China’s top contract chipmakers pursue acquisitions amid Beijing’s self-sufficiency drive

Those big-ticket transactions – 8.27 billion yuan (US$1.2 billion) for Hua Hong and 40.6 billion yuan for SMIC – signalled…

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New Business

SMIC to take full control of subsidiary chip foundry as China’s fab industry consolidates

In a statement last week, the company said it planned to buy the remaining equity interest in Semiconductor Manufacturing North…

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New Business

China’s top chipmaker SMIC offloads stake in Ningbo affiliate to focus on core operations

Semiconductor Manufacturing International Corp (SMIC), mainland China’s largest contract chipmaker, has divested its entire stake in an unprofitable chip foundry…

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New Business

Tech war: China creates US$8.2 billion AI investment fund amid tightened US trade controls

The new AI fund’s scope of business includes general equity investment and asset management, according to the registry service, which…

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New Business

Opinion | China can’t rely on technology as a panacea for economic recovery

Since 2022, China’s economy has been haunted by a weak recovery. Real gross domestic product (GDP) growth has fallen below…

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Tech

Tech war: Shanghai injects US$1 billion into chip fund as China strives for self-reliance

The Shanghai Semiconductor Industry Investment Fund (SSIIF), run by the municipal government to support the local chip industry, has doubled…

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