China to Spend $5 Billion on Microchip Industry

The Chinese government is spending almost $5 billion on a new fund to support the country’s microchip industry, as China moves to bolster what it has long considered a strategically important segment of its economy.

The fund, which China’s Ministry of Industry and Information Technology announced late Wednesday, will focus on investment in Beijing to increase chip production and enhance facilities for chip design and testing. It will also support mergers and acquisitions to create bigger players, the ministry said.

Read the rest of this post on the original site »

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »