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China tech bets its chips on a US$577 million fund to counter US restrictions

Summary by South China Morning Post
Chip giants launch a 3.91 billion yuan private equity fund to boost the country’s ‘hard tech’ sectors amid tightening US export curbs.

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South China Morning PostSouth China Morning Post
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China tech bets its chips on a US$577 million fund to counter US restrictions

Chip giants launch a 3.91 billion yuan private equity fund to boost the country’s ‘hard tech’ sectors amid tightening US export curbs.

·Hong Kong
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SözcüSözcü

China Makes a Massive Chip Move Against the US: A $577 Million Fund Has Been Established! - Sözcü Newspaper

In China, which aims for technological independence in the face of US sanctions, chipmaker CXMT, Alibaba, and other giant investors have joined forces for a massive $577 million R&D fund.

·Türkiye
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South China Morning Post broke the news in Hong Kong on Tuesday, June 9, 2026.
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