China’s $47.5 billion chip fund will likely focus on AI amid U.S. export curbs, NYU professor says

China set up a multibillion-dollar state-backed investment chip fund last week — and one observer says it will likely focus on advanced chips for AI and establishing the entire supply chain.

“Fund 3 will focus on [establishing] the total supply chain. Now, for Fund 1 and 2, they put a lot of focus on the equipment and materials related areas,” Winston Ma, adjunct professor at NYU School of Law said Wednesday.

“And now, because [Fund 3] is established in the middle of the AI boom, I believe they will put more effort, emphasis on advanced computing chips and memory chips for future AI,” Ma told told CNBC’s

Source: CNBC