China invests 47 billion dollars more in the semiconductor industry
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China continues to pour money into the semiconductor industry
According to reports, the third phase of the China Integrated Circuit Industry Investment Fund (or Major Fund 3) started operating on December 31, 2024. In the first place, the fund ultra pure chemicals, silicon wafers producing materials such as wafers and wafer manufacturing equipment It will invest 93 billion yuan ($12.685 billion) in developing companies.
Sanctions imposed by the United States and its allies had slowed the development of China’s most successful semiconductor companies. Companies such as Huawei’s chip design arm HiSilicon, contract chip manufacturer SMIC and 3D NAND leader YMTC were seriously affected by these sanctions. In this context, the aim of the new investment fund is to strengthen China’s semiconductor ecosystem and reduce dependence on foreign suppliers.
The new support fund could provide more support to companies developing China’s own factory vehicles. Among the prominent names, current leaders AMEC ve Naura It is located. However, the fund also has the potential to give fresh momentum to the sector by providing opportunities for new initiatives. While the investment amount of $12.685 billion is impressive, it may not be enough to compete with the market leaders. For example, ASML’s R&D budget for 2023 was recorded as 4.308 billion dollars, and Applied Materials’ was recorded as 3.233 billion dollars in 2024.
The first two phases of the Grand Fund are A total investment of 141 billion dollars since 2014 carried out. However, US sanctions have led to assets under management of the fund falling to $45 billion by mid-2024. Despite this, China has not given up on its goal of independence in the semiconductor industry.
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