US firms and their China affiliates are ramping up investment in Chinese semiconductor companies, aiding Beijing’s bid for chip-sector dominance, The Wall Street Journal reported.
Venture-capital firms, chip-industry giants and other private investors participated in 58 investment deals in China’s semiconductor industry from 2017 through 2020, more than double the number from the prior four years.
Major chip company Intel is among the active investors, backing a Chinese company now called Primarius Technologies, which specialises in chip-design tools that US companies currently lead in making.
Read the full report: The Wall Street Journal
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