Chinese state-backed funds are still scouring the US for investments in critical technologies despite stiffer restrictions on such deals, prompting bipartisan concern in Washington over the national security implications.
Pixelworks, Black Sesame Technologies and LightIC Technologies, three companies in the sensitive US semiconductor sector, have attracted attention in recent months from some of China’s so-called government-guided funds.
The strategic investment funds, which number more than 1,600, are estimated to control more than Rmb4tn ($610bn) in capital, according to Chinese consultancy Zero2IPO.
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