Chinese city pours $29 billion to build chips as India, US eye semiconductor dominance
As India and the US double down on local semiconductor manufacturing, the municipal government of Guangzhou in China has invested 200 billion yuan ($29 billion) to establish funds that will help spur activities involving semiconductors, the media reported on Tuesday.Guangzhou's Industry Investment Fund of Funds (FoF) will focus on activities involving semiconductors, renewable energy and advanced manufacturing, reports the South China Morning Post.Meanwhile, the city's Innovation Investment Fund of Funds will target…