China has reorganized its principal military force to add three new units that will separately deal with information, space and cyber operations. The new units replaced the Strategic Support Force under the People’s Liberation Army to address the limitations associated with conducting such operations under a single support team. In an event on Friday, Chinese...
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Report: China to Raise $41B Fund to Develop Advanced Chips
The China Integrated Circuit Industry Investment Fund, also known as the Big Fund, is planning to launch its third investment initiative supporting the country’s development of advanced semiconductors. People familiar with the matter told Reuters that China’s state-owned fund aims to generate investments worth $41 billion, a significant increase compared to the previous funds worth...