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Industry

China forms semiconductor alliance as Alibaba, CXMT join launch of huge fund

Major Chinese technology companies and state-backed investment institutions have launched a 3.91 billion yuan long-term investment fund in response to tighter U.S. technology export controls. The Changzhi Hanhai Private Investment Fund, registered in Shanghai’s Pudong New Area, aims to supply “patient capital” to support research, development and commercialisation in deep-tech fields such as semiconductors. Investors include CXMT-related entities, Alibaba affiliates and AMEC, alongside state-backed funds.

Industry

Power grid delays put Yongin semiconductor cluster investment at risk

The Yongin semiconductor cluster can supply only about 1.9 gigawatts of power on its own, far short of the 15 to 16 gigawatts needed for full operation, a report by the National Assembly Research Service showed. Korea Electric Power is 추진ing a 37.0 billion won, 1,153-km transmission project but its planned completion by 2036 is uncertain. Rising AI data centre demand is adding pressure, increasing concerns over investment execution and power stability.

Crypto

Japan\'s LDP approves plan for AI and blockchain-based next-generation financial system

Japan\'s ruling Liberal Democratic Party has formally approved a policy proposal to build a next-generation financial system using AI and blockchain technology, The Block reported. The proposal, drafted by an LDP project team led by lawmaker Seiji Kihara, prioritises developing automated financial infrastructure to support 24-hour autonomous commerce via blockchain networks. It also includes support for tokenised deposits and yen-denominated stablecoins, and calls for stronger cooperation with other Asian countries.