There was a rumour at one point of a 1 T RMB fund for Chinese semiconductors but I don't think that came to be. However it appears that a number of large Chinese firms are getting unlimited state support for research in highend semiconductor production not relying on a US controlled supply chain.

I recommend this piece for anyone who is interested in the current state of the Chinese semi industry:

New Era for the Chinese Semiconductor Industry: Beijing Responds to Export Controls by Paul Triolo

https://americanaffairsjournal.org/2024/02/a-new-era-for-the...