China is by far the world's largest consumer of microchips and semiconductor circuits, importing $200 billion worth of these products annually. But the Chinese authorities worry that the country's reliance on import threatens national security and hampers the development of a thriving technology sector. The state-backed China IC Industry Investment Fund, created three years ago in a bid to support domestic chipmakers, is reportedly in talks with government agencies and corporations to raise at least 150 billion yuan for its second fund vehicle and intends to begin deploying capital in the second half of the year. The country envisions spending those funds over 10 years, investing in a wide range of sectors, from processor design and manufacturing to chip testing and packaging, in hopes to achieve a leading position in semiconductor industry. Internet technology expert Liu Xingliang believes China has a chance to reach the goal.