1. The US-China tech war has escalated, impacting global semiconductor supply chains; 2. China is accelerating efforts to achieve self-reliance in chip manufacturing amid export restrictions; 3. Global semiconductor markets face disruptions, leading to production delays and cost increases.

1. The semiconductor industry is grappling with challenges from the U.S.-China tech war and geopolitical tensions; 2. Supply chain disruptions and global chip shortages are severely impacting industries like automotive and electronics; 3. Countries are investing heavily in domestic semiconductor production to reduce reliance on foreign suppliers.

➀ The Beijing municipal government has established a new semiconductor investment fund with a registered capital of 8.5 billion yuan (US$1.2 billion), managed by Zhongguancun Development Group. ➁ This move is part of China's broader strategy to support its chip industry amidst heightened trade tensions with the US. ➂ The new fund joins other initiatives from local governments, including the 'Big Fund' and the Shanghai Semiconductor Industry Investment Fund, indicating a national push towards semiconductor self-sufficiency.