China invites foreign investment to build a world-class chip industry: US media: unexpected

category:Society
 China invites foreign investment to build a world-class chip industry: US media: unexpected


In April 23, 2018, at the first digital China construction achievement exhibition, the audience was taking digital citizen security decoding chip. Xinhua News Agency reporter Song Weiwei Reference News Network reported on April 26th, US media said China hopes foreign capital to participate in its plan to build a world-class chip industry. This move was surprising when the United States tried to block the Asian nations dominance of the next generation of technology. China has set up a fund to raise up to 200 billion yuan to support a series of domestic enterprises from processor designers to equipment manufacturers, according to the Bloomberg News Agency website in April 25th, as part of the effort to reduce the serious dependence on foreign technology. China said in April 25th that Limited by Share Ltd, the National IC investment fund, will accept foreign investment. Chen Yin, chief engineer of the Ministry of industry and information technology, said that the National IC investment fund is in the second phase of fund-raising and welcomes the participation of all enterprises. Reported that the recent Sino US trade disputes, chip is one of the core. The dispute between the two countries has not only led to high tariffs, but also reduced Chinese investment in American enterprises. The US government is even considering the use of a 1977 law. Under this law, President Trump can declare the state in a state of emergency to prevent transactions and confiscation of assets. Reported that the United States announced that it will carry out 7 years of sanctions against ZTE, which will only remind China that it urgently needs to reduce its dependence on US technology. Ironically, the US sides action against ZTE has stimulated Chinas current plan to invest about $150 billion in the next ten years to seize the leading position in the field of chip design and manufacturing. American executives and officials have warned many times that Chinas ambition may hurt the interests of the United States. The first phase of the national integrated circuit industry investment fund is 140 billion yuan, which flows to more than 20 domestic listed companies, including ZTE communications and chipmaker Zhongxin international integrated circuit manufacturing Co., Ltd. The investors in the first stage are mainly Central and local governments and state-owned enterprises. Chen said that China has a huge electronic information market, and we will continue to carry out innovation and international cooperation in order to achieve breakthroughs in the core technology field. The source of this article: Reference News Editor: Ji Xue Ying _NN6784