China's 'Big Fund' allocated $47 billion to catalyze semiconductor development. The China Development Bank holds a 17.4% stake in the fund, with various government bodies participating. The fund will focus on venture capital and provide hands-on assistance to investee companies, aiming to address China's semiconductor industry challenges.
China's semiconductor industry initiatives have seen mixed success, with examples like Yangtze Memory excelling while others like Wuhan Hongxin Semiconductor failed despite government support. The fund aims to enhance China's semiconductor self-sufficiency amidst US-led sanctions that limit high-end chip imports.
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