China Big Fund planning second round of support for local IC sector

China's National Integrated Circuit Industry Investment Fund (known as the Big Fund) has raised an estimated CNY150-200 billion (US$22.8-30.4 billion) which will be spent for the second phase of its capital support for the country's local IC companies, Taiwan-based TrendForce said in its recent report.

from DIGITIMES: IT news from Asia http://ift.tt/2hZIaAh
via Yuichun