US firms back China’s bid for chip dominance despite security concerns – Community News
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US firms back China’s bid for chip dominance despite security concerns

US companies and their Chinese affiliates are ramping up investment in Chinese semiconductor companies, bolstering Beijing’s bid for chip sector dominance and complicating Washington’s efforts to maintain America’s lead in critical technology, a Wall survey finds Street Journal.

US venture capital firms, chip industry giants and other private investors participated in 58 investment deals in China’s semiconductor industry from 2017 to 2020, more than double the number seen in the previous four years, according to an analysis of deal data by New York-based research firm Rhodium. Group done at the request of the magazine.

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