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US curbs on China tech is turbo charging chip investments
- Friday | 26th June, 2020
Such investment in the sector almost doubled to 22 billion yuan ($3.11 billion) in two years through 2019, showed data from Zero2IPO. “Ten years ago, you could fit all of China’s semiconductor investors around two tables,” said Alan Peng, founder of chip startup NextVPU. “Nowadays there are hundreds of people crowding around those same two tables.”Internet slowdownUntil recently, China’s semiconductor sector was heavily reliant on the government. The National Integrated Circuit Industry Investment Fund, popularly known as “the big fund”, put up 139 billion yuan for chip projects in 2014. Domestic replacementIndustry participants divide China’s chip companies into two groups.
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