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Latest / Chips, compute and energy

ProgrammeComputeGovernmentChinaReported

China sets up a third national chip fund with 344 billion yuan of capital

See how this story connects

Source: Yicai Global: China sets up largest of three chip-focused Big Funds with USD47.5 billionAlso reported by Caixin Global

The third phase of China’s National Integrated Circuit Industry Investment Fund, known as Big Fund III, was registered on 24 May 2024 with registered capital of 344 billion yuan (about $47.5 billion). Its 19 shareholders include the Ministry of Finance, China Development Bank Capital, Shanghai Guosheng Group and China’s large state-owned banks. It is larger than the first fund of 2014 (98.7 billion yuan) and the second of 2019 (200 billion yuan).

Why it matters

Chinese chipmakers and equipment suppliers trying to replace US-restricted technology gained the largest state investment fund yet set up for the industry.

When
24 May 2024
ID
WTA-N-2024-0070
Where
China
Who
Ministry of Finance of China, China Development Bank

Summary by wheresthe.ai, from Yicai Global and the reporting credited above. We could not open the primary document, so it is marked Reported. Checked against the source on 9 Oct 2026.

Read the original at Yicai Global

Source copy: download the page as saved on 18 Oct 2026 (PDF). Also held by the Internet Archive.

Next stop on this Storyline: Built on byHuawei sets yearly Ascend AI-chip roadmap and 8,192-chip Atlas 950 SuperPoD

Data to measure this

Compare the years before 2024 with the years since in these series. National sources for China come first.

  • Statistical Bulletin on National Science and Technology ExpenditureNational Bureau of Statistics of ChinaChina’s R&D spending and intensity by activity, performer, industry and province.Years: 2023-2024 · annual · report only · Covers before and after
  • OECD.AI: venture capital investments in AI start-upsOECD.AI (data from Preqin)Venture capital invested in AI start-ups by country and industry, with series for generative AI and AI compute start-ups.live · query tool
  • BACI product-level trade databaseCEPIIHarmonised annual bilateral trade for about 5,000 HS6 products among about 200 countries, including chips.Years: 1995-present · annual · download · CSV · Covers before and after
  • Crunchbase company and funding dataCrunchbase · paidPrivate company profiles, funding rounds and acquisitions.live · api · API
  • Dealroom AI sector dataDealroom.co · paidAI start-ups, unicorns and venture funding by country, city, stage and sub-sector.live · query tool
  • UN ComtradeUnited Nations Statistics Division · paidBilateral goods trade by reporter, partner and product code, for example HS 8542 integrated circuits.monthly · api · CSV, JSON, API

All data for China

Cite this story

WTA-N-2024-0070: “China sets up a third national chip fund with 344 billion yuan of capital.” wheresthe.ai, 24 May 2024. https://wheresthe.ai/d/cn-big-fund-iii-chip-investment-2024-05/ (source: Yicai Global: China sets up largest of three chip-focused Big Funds with USD47.5 billion).

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