China’s Growing Semiconductor Industry Could Pose Challenges for Nvidia and AMD as Country Establishes Major Fund to Boost Chipmaking – iShares Semiconductor ETF (NASDAQ: SOXX)
China is making moves to bolster its domestic semiconductor industry by creating the largest semiconductor investment fund in its history, called Gran Fondo III. This fund has raised 344 billion yuan (about $48 billion) from the Chinese central government, banks, and state-owned enterprises. The goal is to circumvent the US government’s ban on chips from … Read more