China chip expo shows investment buildup amid plans for huge new fund

SHANGHAI -- China is expanding semiconductor supply chain investments to sustain double-digit growth in homegrown chip production capacity, focusing on mature technology while eyeing a massive new national fund to support further advances.

At this week's Semicon China expo in Shanghai, state-owned Naura Technology Group, China's largest chip equipment maker, appears to tout in a video that there are machines in China that can handle the 7-nanometer production process that makes chips used in smartphones.