China is Tagspreparing to launch a substantial state-backed investment fund for its semiconductor industry, aiming to raise approximately RMB 300 billion ($41 billion), according to a September 5 report by Reuters. The fund to be launched by the China Integrated Circuit Industry Investment Fund (also known as the Big Fund) will primarily focus on chip manufacturing, sources familiar with the matter told Reuters. It received approval from the Chinese authorities in recent months, with the Ministry of Finance planning to contribute RMB 60 billion ($9 billion), sources added. The fundraising process may take several months and specific details about the launch time and contributors remain undisclosed. SINO-IC Capital is expected to remain as a manager for the fund and Chinese officials have also reached out to state-owned China Aerospace Investment to discuss being one of the managers, sources told Reuters. [Reuters]
Book Perfume, Newspaper Dresses by Sadie Stein
Florida students 'Walkout 2 Learn' in opposition to Gov. Ron DeSantis
Elizabeth Warren and her very good dog Bailey joined the Washington D.C. protests
TV cops call for other TV cops to step up and donate
Salmon Pink; Poet Food by Sadie Stein
Smurfgate by Sadie Stein
Joe Dunthorne on ‘Submarine’ by Thomas Bunstead
Google will let advertisers use AI to create ad campaigns
Win Two Tickets to See John Irving, Live by Sadie Stein
Tesla to hold a Cybertruck delivery event in the third quarter of 2023
The Epigraph by David Parker
Gamers take to 'Toontown' to stand with Black Lives Matter protesters
Grindr has removed its controversial ethnicity filters
'Wordle' today: Here's the answer, hints for April 21
Locker Room Freud; Travel Writing by Lorin Stein and Sadie Stein
Words We Don't Say; The Tao of Travel by Lorin Stein
A Week in Culture: Matthew Specktor, Writer and Editor by Matthew Specktor
'Doctor Who' gives us our first look at Ncuti Gatwa as the new Doctor
Adaptation; Fall Reading by Lorin Stein
Trudeau takes 20
Gauff vs. Swiatek 2025 livestream: Watch Madrid Open for freeSouthwest Summer Sale: Up to 30% off flights in summer, early fallNYT Connections Sports Edition hints and answers for May 1: Tips to solve Connections #220Wordle today: The answer and hints for April 30, 2025Barcelona vs. Inter Milan 2025 livestream: Watch Champions League for freeCerundolo vs. Mensik 2025 livestream: Watch Madrid Open for freeBest JBL deal: Save $30 on the Flip 6 portable speakeHisense 75Best robot vacuum deal: $350 off Eufy X10 Pro Omni robot vacuumWhat's new to streaming this week? (May 2, 2025)Barcelona vs. Inter Milan 2025 livestream: Watch Champions League for freeNYT Connections hints and answers for April 30: Tips to solve 'Connections' #689.Shop the limited edition Blossom Bliss Shark FlexStyle for 27% offGoogle and Duolingo go allBest smartwatch deal: Get the Google Pixel Watch 3 for $50 offWhat's new to streaming this week? (May 2, 2025)Best Fitbit deal: Save $40 on Fitbit Charge 6Best gaming laptop deal: Save 18% on ASUS ROG StrixShop the Ninja Blender Mega Kitchen System for $60 off at AmazonShop the Shark FlexStyle for 20% off at Amazon Nokia cuts 2,000 jobs in China for cost BYD touts progress in automated driving with refreshed Han sedan · TechNode Alibaba welcomes Tencent’s WeChat Pay as a payment option on its e Uncertainty looms over next week’s launch of Huawei's HarmonyOS NEXT system · TechNode Spanish Prime Minister meets with China’s auto industry group and Xpeng Motors · TechNode Baidu to add 3,000 new jobs for fresh graduates, mostly AI YMTC advances homegrown chipmaking technology · TechNode Alibaba yields “good results” from three Meituan shifts focus from GMV to order volume amid declining sales · TechNode Zeekr gets approval to test Level 3 autonomous vehicles in China · TechNode LG Display sells its Guangzhou LCD panel plant to TCL for $1.54 billion · TechNode Intel and Samsung explore foundry alliance to challenge TSMC · TechNode Former VP of SAIC, a VW partner, arrested for taking bribes · TechNode Tencent Robotics X Lab reveals The Five, a hybrid home help robot · TechNode Japan’s chip Baidu ads revenue down 2% in Q2, GenAI’s contribution to cloud earnings increases · TechNode Huawei’s first triple ByteDance launches Pico 4 Ultra in China, competing with Apple Vision Pro · TechNode China’s authority NPPA approves 109 new games licenses for September · TechNode China's Chery reportedly mulls second European factory in the UK · TechNode