Spending on new equipment and developing new components and chipmaking tools has accounted for most of the $7bn raised earlier in the year

Chinese tech giants, including Alibaba, ByteDance and Baidu, had placed orders worth billions for 2024 and Nvidia had planned to deliver some of them by mid-November

The Southeast Asian nation already does chip packaging and testing for US giant Intel, but wants to build its first fab for basic chips in coming years

Support from the state 'Big Fund' is part of a $5.3bn capital expansion by Changxin Xinqiao, a leading memory chip firm in Hefei, as China expands its production capacity and R&D

New order will require developers of AI systems that pose risks to security, the economy, health or safety to share test results, while officials set standards for key chemical, biological, radiological, nuclear, and cyber risks

Industry analysts said the breakthrough by the country’s leading memory chip producer was a "surprise technology leap"

A push since last year to replace all Western equipment in critical sectors with domestic alternatives 'has re-drawn entire sub-sectors' of China's software industry

In a filing to the SEC, Nvidia noted five chips that will be impacted as the rules go into effect: the A100, A800, H100, H800, and L40S

ASML detailed the chip technology theft, which happened in 2022, in part of its annual report in February this year

Analysts say the US move last week to expand its export controls may allow the Chinese tech giant to fill the void created by the ban on Nvidia's popular artificial intelligence chips

Both gallium and germanium are key to chipmaking, and Chinese exporters of the metals now need to obtain an export licence for dual-use items and technologies

Chinese foundries that would earlier use only a small amount of equipment from domestic firms, now want "as few foreign machines as feasible"