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This post was originally published on this site

Nov. 13th, 2021

Source: Dreamstime

In a report by Newsmax Finance on November 12th, 2021, it states that although the Biden administration has reservations about national security concerns, many U.S. companies and their affiliates in China continue to invest in the Chinese chip and semiconductor industries.

The report also quoted the White House national security adviser Jake Sullivan as saying in July last year that the Biden administration is “looking at the impact of outbound U.S. investment flows that could circumvent the spirit of export controls or otherwise enhance the technological capacity of our competitors in ways that harm our national security.”

According to data from research firm Rhodium Group, between 2017 and 2020, American companies and investors have made more than 50 investment deals involving the Chinese semiconductor industry, one of which is Intel investing in the Chinese company Primarius Technologies Co. Other investors include the Silicon Valley venture capital firms Lightspeed Venture Partners, Sequoia Capital, Matrix Partners, and Redpoint Ventures, which have made over 60 investments in the Chinese chip industry since the beginning of last year.

For more information about this report, please click here: US Firms Investing in Chinese Chip Makers Despite Security Concerns

Editor: Marialu / PR: Mr.Cow


Edited by:【Himalaya London Club UK】

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Disclaimer: This article only represents the author’s view. Gnews is not responsible for any legal risks.

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