According to an excellent article in the Economist, China is reportedly raising more than US$27bn for the third phase of its National Integrated Circuit Industry Investment Fund. This is the state-owned investment fund backed by China’s finance ministry and state-owned enterprises. This is an example of China’s new special Treasury bonds, which will be directed at “strategic” areas. Here is the Economist article: https://www.eiu.com/n/china-boosts-state-led-chip-investment/ China’s investment in chips exceeds roughly $15 Billion since 2014. This new investment will target the semiconductor supply chain and design capabilities. Then onto apparatus machines and etching machines and the third phase, possibly the most significant on chip-making equipment. its chip-related investments will position the country to increase mature-node production capacity.
The Economist also suggests that the new investment by China will likely exacerbate international tensions .
Jeffrey Newman is a whistleblower lawyer whose firm represents whistleblowers in healthcare fraud under the False Claims Act (FCA) also whistleblower claims brought under the SEC whistleblower program for violations of securities regulations including insider trading cases. He also handles cases involving evasion of US sanctions against China, Iran and Russia and other sanctioned entities and he can be reached at Jeff@JeffNewmanLaw.com or at 617-823-3217
