In order to become less dependent on foreign manufacturers and to meet demand during the global supply bottleneck,China is now investingheavily in its own chip industry. In the process, the People’s Republic’s semiconductor producers have already been able to bring in large investments this year, with 164 Chinese companies raising a total of 40 billion yuan (six billion US dollars) in financing in the first five months of this year. That’s about the same as in all of 2019. In 2020, Chinese firms raised about 140 billion yuan.
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