China Invests $5.4 Billion in Two-Year-Old Memory Chipmaker
Semiconductor startup Changxin Xinqiao Memory Technologies Inc. has raised 39 billion yuan ($5.4 billion) from government-backed investors, a sign Beijing is doubling down on its efforts to achieve technological self-sufficiency and counter US sanctions. In its latest funding round, Hefei-based Changxin Xinqiao secured 14.6 billion yuan from the state-backed China Integrated Circuit Industry Investment Fund … Read more
