US EditionChina Cuts Ties with Nvidia, Invests 70 Trillion Won in Semiconductor Independence, and Goes All-Out in Its War with the Us.
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[Digital Daily Reporter Kim Moon-ki] China is considering an incentive package worth up to 70 trillion won to support its semiconductor industry. According to multiple foreign media outlets, including Bloomberg, on the 12th (local time), the Chinese government is discussing large-scale financial support measures to foster the domestic semiconductor industry. Chinese authorities are considering a support package worth between 200 billion and 500 …
China mulls $70 billion domestic chip fabrication injection, would be largest of any government semiconductor investment — Huawei and Cambricon among candidates in push to compete with Nvidia, other U.S. firms
China is considering investing up to an additional $70 billion in its domestic chip manufacturers in an effort to better compete with US firms like Nvidia. Although exact figures and investment strategies have yet to be decided, this move would be in line with China's "whole nation" approach to tackling its chip shortages.
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