China is Set to Invest $40 Billion in Chinese Chip Industry

China wants to create a big investment fund, around $40 billion, to help its semiconductor industry. They're doing this to catch up with the United States and other countries in terms of semiconductor technology. This new fund will likely be the largest among three funds managed by the China Integrated Circuit Industry Investment Fund, also known as the Big Fund. They aim to raise 300 billion yuan, which is more than what they raised in 2014 and 2019. Why China is Investing Largely in Chip Industry A big part of this investment will go into getting equipment for making computer…