China Will Have $45-70 Billion in Funds to Catch Up With Semiconductors

China’s first Big Fund to invest in semiconductors was made in 2014 with around $19-22 billion. The Phase 2 fund is being put together now and is already at $28.9 billion and could reach $47 billion. The fund is called the National Integrated Circuit Industry Investment Fund Phase II Co., Ltd. (National Big Fund Phase II). At a September semiconductor industry summit, the Big Fund’s manager revealed that Phase II will focus on etching machines and film, test and cleaning equipment. The goal is to build an independent, self-sufficient and “controllable” industrial chain for the Chinese IC industry. By the