Overview

• The new fund, known as Big Fund III, is backed by China's Ministry of Finance and major state-owned banks.
• This investment follows U.S. export restrictions targeting China's access to advanced chip technology.
• Big Fund III will focus on chip manufacturing, design, equipment, and materials to achieve technological independence.
• Previous phases of the fund faced corruption issues and mixed results, but China remains committed to its semiconductor goals.
• The fund's creation has positively impacted Chinese semiconductor stocks, reflecting market confidence.