A man visits a booth at SEMICON China, in Shanghai, March 17, 2021. The semiconductor industry has taken centre stage in tech rivalry between China and the US. Photo: Reuters
A man visits a booth at SEMICON China, in Shanghai, March 17, 2021. The semiconductor industry has taken centre stage in tech rivalry between China and the US. Photo: Reuters

US-China tech war: Washington blocks Chinese fund’s US$1.4 billion takeover of South Korean chip maker

  • The move by CFIUS is a further blow to China’s efforts to acquire semiconductor technologies and production capabilities
  • Wise Road Capital has emerged as an active Chinese buyout fund in the chip sector, raising eyebrows as it snapped up assets around the world

A man visits a booth at SEMICON China, in Shanghai, March 17, 2021. The semiconductor industry has taken centre stage in tech rivalry between China and the US. Photo: Reuters
A man visits a booth at SEMICON China, in Shanghai, March 17, 2021. The semiconductor industry has taken centre stage in tech rivalry between China and the US. Photo: Reuters
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