China is considering an additional $70 billion in investment for its domestic chip industry, as reported by Bloomberg. This would be on top of existing government investment initiatives like the Big Fund III from earlier this year, and could accelerate chip fabrication design and development to help it compete with the likes of Nvidia, even as the Trump administrative re-approves sale of H200 GPUs in the region.
Over the past year, China has announced a number of major projects and initiatives in an…
