Exclusive: Chip wars - China closing in on second $19 billion semiconductor fund: sources

HONG KONG/SHANGHAI (Reuters) - China's state-backed semiconductor fund is near to closing a 120 billion yuan ($18.98 billion)investment round for a second fund to support the domestic chip sector and help cut reliance on imports amid a bruising trade standoff with the United States.

from Reuters: Technology News https://ift.tt/2r1flUp