Has America been taking it too easy on local companies so far?
Intel's investment arm might be forced to divest interests in China due to incoming US regulations governing American funds going to Chinese tech companies. The chipmaker is one of the biggest such investors, despite receiving billions from Washington to boost semiconductor production efforts at home.
However, the Biden administration announced new measures in June intended to crack down on American venture funding for Chinese technology companies, and this could force Intel Capital to divest many of the investments it currently holds. According to a source quoted by the FT, Intel Capital's investments were"the poster children that helped build consensus for the outbound restrictions."Recent activity by Chipzilla involves participation in a fundraising round by Shenzhen-based AI-Link, while Intel Capital led the funding round for a company called North Ocean Photonics based in Shanghai.
Dutch chipmaking equipment biz ASML is one example. It has faced restrictions on selling to Chinese companies, and even been pressured to stop servicing kit it has already sold there.
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