This is a Beijing news story, published by CNBC, that relates primarily to Rhodium Group news.
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domestic semiconductor industryCNBC
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90% Informative
China has ramped up spending on semiconductor equipment since the U.S. introduced tighter export restrictions in October 2022 .
Beijing launched a $47.5 billion state-backed investment fund for chips in May , bigger than previous two such funds combined.
In the more complex chip industry, "it's much harder to break the technological ceiling," says Rhodium Group .
Beijing launched a $47.5 billion state-backed investment fund for chips in May .
But the most recent fund has fewer local governments chipping in.
Only larger cities such as Beijing , Shanghai and Guangdong have pledged investment.
Allocation of such financial support "often diverge" from central government's strategic objectives.
VR Score
94
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