Professor: China to focus on artificial intelligence in its new chip fund amid U.S. export curbs | Wilnesh News

China last week set up a multibillion-dollar state-backed investment chip fund, which one observer said may focus on advanced chips for artificial intelligence and build out entire supply chains.

Winston Ma, an adjunct professor at New York University School of Law, said on Wednesday: “Fund 3 will focus on (building) the entire supply chain. Now, Fund 1 and Fund 2 will focus on equipment and materials related areas.”

Jack Ma told CNBC’s “Squawk Box Asia” program: “Now, since (Fund 3) was established during the artificial intelligence boom, I believe they will invest more energy and focus on advanced computing chips and storage chips for future artificial intelligence. .

China has invested 344 billion yuan ($47.5 billion) Third Investment Fund Aiming to boost the domestic semiconductor industry amid the escalating technology war with the United States

The China Semiconductor Industry Investment Fund, also known as the National Semiconductor Industry Investment Fund and the Big Fund, is part of China’s efforts to reduce the domestic chip industry’s reliance on foreign countries. At the same time, Western countries such as the United States and the Netherlands restrict its access to advanced technology.

The new fund will be the largest of three to date. Raised funds the first two times In 2014 and 2019, they were 138.7 billion yuan and 204 billion yuan respectively.

“It can be said that this funding is critical to China’s semiconductor industry. It is indispensable because these companies are struggling in global capital markets.” Ma Yun said, citing the Biden administration’s reverse executive order of the Committee on Foreign Investment in the United States. .

“So it’s not something China wants to do, it’s almost something that has to be done,” he added.

Analysis of Huawei Mate 60 Pro smartphone in response to US sanctions Technical Insights Advanced chips manufactured by China’s top chipmaker SMIC are on display. The smartphone is also said to come with 5G connectivity – a technology that US sanctions aim to prevent Huawei from using.