Huawei has started investing in emerging Chinese chip companies as the telecoms group accelerates efforts to become self-reliant in semiconductor technologies in the face of US sanctions.
Hubble Technology Investment, a Rmb2.7bn ($413m) fund set up by Huawei in April last year, has acquired minority stakes in three Chinese semiconductor equipment companies over the past three months.
That marks a significant shift in strategy that observers believe is linked to Huawei’s plans for “de-Americanised” chip production, as the Shenzhen-based group struggles in the face of US restrictions.
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