China is reportedly considering the launch of a massive incentive scheme worth between $200 billion and $500 billion to support its domestic chip manufacturing industry. According to sources, the plan is independent of existing government-funded initiatives, including the 3440 billion yuan 'Big Fund Three Phase' equity investment tool. The move is seen as a significant step towards reducing China's reliance on foreign chip imports and promoting its own semiconductor industry. The incentive scheme is expected to provide subsidies and other forms of financial support to domestic chip manufacturers, helping them to upgrade their technology and increase their competitiveness in the global market. The plan is still in its early stages, and details are yet to be finalized. However, if implemented, it could have a significant impact on the global chip industry and China's economic growth.