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Chinese companies have spent around US$15 billion to acquire...
2016-03-30 08:35:43| Semiconductors - Topix.net
China, which produces over 90 per cent of the world's smartphones, still relies heavily on imported chips but China IC Industry Investment Fund is helping to develop the domestic industry Acquisitions by the government-backed China IC Industry Investment Fund to help expand the country's semiconductor industry have reached 43 billion yuan so far and show no signs of abating, analysts said. "We expect the Chinese government to continue investing heavily in this industry," said Bernstein senior analyst Mark Li, lead author of a research note about the state's "Big Fund".
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Category:Electronics and Electrical
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