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China's chip investment moves ahead at full throttle

Some 164 firms received $6.19bn in combined funding during the first 5 months of 2021

A report said a large portion of the money that continues to flow into the sector is going to chip designers, especially in hot sectors like artificial intelligence, telecoms and optoelectronics.   © Reuters

Chinese semiconductor firms have continued to attract high levels of investment so far this year, sealing billions of dollars in financing as Beijing looks to build up its industry to meet demand created by a global shortage and lessen its reliance on foreign products.

Some 164 Chinese firms received 40 billion yuan ($6.19 billion) in combined funding during the first five months of 2021, according to a report published last week by U.S.-based law firm Katten and Chinese chip-industry monitor

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