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China’s chip investment moves ahead full throttle, pulling in USD6.19 billion in five months

By Amelia Podder

China is aiming to build up its domestic chip industry and cut reliance on U.S.-made products.

Synopsis

According to a report, a large portion of the money is going to chip designers, especially in hot sectors like artificial intelligence, telecom, and optoelectronics. However, high technical barriers to entry and the large investments required are keeping many newcomers out of the global market, with designers still dependent on third-party manufacturers as well as packaging and testing firms.

Matthew WalshChinese 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

BY

Caixin Global

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Amelia Podder