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Foreign media: US companies are investing in China's chip industry

2021-11-19

According to the analysis of transaction data by the American economic research company Rongding Group at the request of the Wall Street Journal, from 2017 to 2020, US venture capital firms, chip industry giants and other private investors participated in 58 investments in China’s semiconductor industry The number of transactions has more than doubled over the previous four years. "The Wall Street Journal" reported on the 15th that these investors participated in financing, raising a total of billions of dollars for Chinese chip start-ups, and Intel is one of the active investors. According to the report, some US officials and lawmakers were "alert" about this, and some lawmakers advocated legislation to review US investment overseas.


"I personally think this is a relatively normal investment activity." Senior communications industry analyst Jiang Junmu told reporters on the 15th that China is vigorously supporting the chip field, so the chip industry has become the focus of investment, and the favor of American capital is more for companies to chase profits. Reflect, there is no need to over-interpret.


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Jiang Junmu said that China’s environment is open for foreign capital to enter China’s chip industry, and the government’s management and governance capabilities are strong. In your own hands, the enterprise should not end up tossing for a long time to become an assembly plant, and it will have to stop production after a ban." He reminded to avoid pure foreign investment or foreign-dominated factories directly eating the market.


u3000u3000 At a regular press conference of the Ministry of Foreign Affairs on the 15th, a foreign media reporter asked: Intel had proposed to produce silicon chips at a factory in Chengdu, China, but this plan was strongly opposed by the Biden administration. What is China's comment? Foreign Ministry spokesperson Zhao Lijian said that economic globalization is an objective reality and a historical trend. The United States has repeatedly generalized the concept of national security, abused national power, politicized, instrumentalized, and ideologically scientific and technological and economic and trade issues, and artificially set up trade and investment barriers for specific countries.


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