Semiconductor industry

China has poured more than $47 billion into the country's largest-ever chip investment fund, a business database showed on Monday, as Beijing seeks self-sufficiency in the crucial semiconductor manufacturing sector.

Semiconductors are an indispensable part of the modern economy, used in everything from kitchen appliances and mobile phones to cars and weapons.

South Korean President Yoon Suk Yeol on Thursday announced a record $19-billion-dollar support plan for the country's crucial semiconductor industry.

The intense earthquake that rattled Taiwan early Wednesday, led to equipment damage at the semiconductor giant Taiwan Semiconductor Manufacturing Company (TSMC). Despite the initial impact, most machinery at the chipmaker resumed normal operations within the day.

"Support Chinese chips, join the enterprise of the century" read an upbeat slogan at a recent semiconductor industry fair in Shanghai, where the mood was defiant despite the intense pressure placed on the sector by geopolitical tensions.