SHANGHAI -- Chinese chipmakers have already raised more than twice as much from the equity market in 2020 than in all of 2019, with state-backed funds helping the nation's effort to boost domestic output.
Chinese chipmakers have received 144 billion yuan ($20.5 billion) so far this year, including commitments, according to data through Sunday compiled by Nikkei from private databases, company filings and news reports. This far outpaces the 12-month tallies of recent years, including the roughly 64 billion yuan total from 2019.
