Published: 3:15pm, 24 Aug, 2018 Updated: 11:24pm, 24 Aug, 2018
China needs to address its dependence on US semiconductors, after the forced shutdown of ZTE in April, according to Ding Wenwu, president of the National Integrated Circuit Industry Investment Fund. The fund has invested more than $US1 billion ($A1.27 billion) into Chinese semiconductor firms since 2012, and is now investing about $1 billion a year in new companies that are developing their own and, earlier this year, a US export ban crippled the Chinese telecoms equipment maker ZTE. Ding said the fund, known as The Big Fund, will work with investors to address shortcomings and close the technology gap.