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> maybe not at the Chips act scale The Big Fund is CHIPS Act scale - if not bigger, as it's 3 generations of funds and has reached almost $100B over a decade.
by alephnerd 2y ago
> maybe not at the Chips act scale
The Big Fund is CHIPS Act scale - if not bigger, as it's 3 generations of funds and has reached almost $100B over a decade.
- chvid 2y agoIsn’t the chips act $250B? I suppose it the depends on how you count and compensate for price level.
- alephnerd 2y agoNope. It's $52B total in cash and tax credits from the government. The $250B is the total capital from CHIPS and private investment. The other ~$200B is coming from private sector investments. This is why the Big Fund is so big - it's been tough to raise private capital in China after the 2015-16 market crash so governments (central, provincial, and local) have had to step in to provide capital. And if we're honest, the truly successful Chinese companies at the global scale (BYD, ByteDance, Tencent, PDD/Temu, Shein) always took private capital, and as such were able to outcompete state funded alternatives.