State-owned China IC Fund leads launch of $255m semiconductor fund

State-owned China IC Fund leads launch of $255m semiconductor fund

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

State-owned China Integrated Circuit Industry Investment Fund (China IC Fund) is joining a group of firms that are launching a $255-million fund to invest in semiconductor companies.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter