GOOGL - China's Bold $40B Chip Investment Challenges Nvidia Signals Resilience Against US Embargo | Benzinga

China's $40 billion state fund to boost the chip industry is a massive shoutout regarding the country's plans not to yield to the U.S. semiconductor embargo that barred the country from acquiring Nvidia Corp (NASDAQ: NVDA) and Advanced Micro Devices, Inc's (NASDAQ: AMD) sophisticated artificial intelligence chips.

Also Read: Chinese Vendors Bypass US Embargo to Supply High-end Nvidia A100 AI Chips: Report Reveals Hidden Market Dynamics

The country eyes a record 300 billion yuan ($41 billion), with one main ...

Full story available on Benzinga.com