Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications
Message: Any trickle down for POET? Chips Act counter from China
You'd think they could push out a NR stating that they've applied or qualified for either program.
Beijing answers Biden’s CHIPS Act with the $47.5 billion Big Fund III—China’s largest-ever semiconductor investment fund
Workers process chips at a workshop of an optoelectronic technology company in Huai'an, China, on May 11, 2024.
COSTFOTO/NURPHOTO/GETTY IMAGES
China has set up the country’s largest-ever semiconductor investment fund to propel development of the domestic chip industry, the latest effort from Beijing to achieve self-sufficiency as the US seeks to restrict its growth.
The third phase of National Integrated Circuit Industry Investment Fund has amassed 344 billion yuan ($47.5 billion) from the central government and various state-owned banks and enterprises, including Industrial & Commercial Bank of China Ltd., according to Tianyancha, an online platform that aggregates official company registration information. The fund was incorporated on May 24.
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