TOKYO -- China has for years encouraged investment in domestic semiconductor startups to increase the industry's self-sufficiency, but that goal remains elusive with much of the money going into fabless operations.
Instead venture capital goes to fabless chip design startups in 64% of cases

China's level of self-sufficiency in making semiconductors hovers in the 20% range. © Reuters
TOKYO -- China has for years encouraged investment in domestic semiconductor startups to increase the industry's self-sufficiency, but that goal remains elusive with much of the money going into fabless operations.