to bolster their domestic chip manufacturing industries, and restrictions on the sale of high end chips and tools to China, comes the 100% expected Chinese response. , the state-backed China Integrated Circuit Industry Investment Fund reported that it's raised funding to the tune of 344 billion yuan , which will be used to drive development and achieve self-sufficiency for China's domestic chipmaking industry.
This is actually the third phase of funding in what is locally known as the 'Big Fund'. The first round in 2014 raised $21.8 billion, while the second round raised $29.08 billion in 2019. The third phase has taken on additional urgency following an escalating series of sanctions andThese sanctions mean China needs to aggressively invest if it is to keep up with the US in particular, following the passage of the CHIPS act.
I wouldn't expect to see competitive x86-derived clones anytime soon, but other chip architectures such as the open-source RISC-V are far less subject to foreign control. With millions of developers in its talent pool, who knows what the future might hold for Chinese chips.
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Source: Metro Newspaper UK - 🏆 61. / 63 Read more »