In the ongoing Sino-American trade war; China has made a massive move, in which semiconductor chip tech is a key battleground. Beijing’s latest investment into its chips is its largest yet, with $47.5 billion pumped into semiconductor R&D and manufacturing as part of the third phase of the China Integrated Circuit Industry Investment Fund, also known as the “Big Fund.” Previous phases have gone toward financing chipmakers like Semiconductor Manufacturing International Corporation and Hua Hong Semiconductor. The third will focus on chip manufacturing equipment. These investments represent Chinese hopes not just to become self-sufficient in producing and advancing semiconductor technology, but to assume a dominant role that can marginalize Taiwan.
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