![Tech war: Beijing sets up US$1.2 billion semiconductor fund as China splurges on chips](https://img.easybranches.com/uploads/news/2024/08/tech-war-beijing-sets-up-us-1-2-billion-semiconductor-fund-as-china-splurges-on-chips.jpg)
Beijing set up the new chip fund under the state-owned Zhongguancun Development Group, joining a slew of chip investment funds across China.
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