The local Chongqing government, Tsinghua Unigroup and Sino IC Capital have set up a $16 billion chip investment fund. They aim to spend up to $100 billion on Tsighua fabs over the next ten years. Tsighua has agreed to spend $9.5 billion on an industrial park in Chongqing Chongqing is an electronics centre which is ...
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from Electronics Weekly https://www.electronicsweekly.com/news/business/china-forms-16bn-ic-investment-firm-2018-02/
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