Fund Raising

Stories about funding for startups, covering private equity, venture capital funds and funding rounds

China’s chip strategy aims to reduce a reliance on some US$200 billion of annual semiconductor imports, which the government fears undermines national security and hampers the domestic technology sector

China aims to boost funding for domestic chip industry

China’s government aims to raise as much as 200 billion yuan (US$31.6 billion) to invest in home-grown chip companies and accelerate its ambition of building a world-class semiconductor industry, according to people familiar with the matter.