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Chip and AI firms attract big money as China drums up support

Semiconductor, AI firms dominate venture capital deals in China amid government pushChina’s largest venture capital investments are increasingly coming from technology sectors that align with the government’s policy goals, such as artificial intelligence (AI) and semiconductors, even as overall funding continues to plunge, according to a new report.The country contributed 90 per cent of global venture capital investments in the chip sector last year, totalling US$22.2 billion and more than doubl...

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