China has released a top chip investor after an eight-month detention as the country battles to bolster its semiconductor industry in the face of Washington’s containment efforts.
Chen Datong, head of Yuanhe Puhua (Suzhou) Investment Management, also known as Hua Capital, was released this month as Beijing seeks help from chip experts to navigate tough western sanctions, according to two people with direct knowledge of the matter.
Hua Capital, a Rmb10bn ($1.5bn) investment firm that has seeded more than 150 Chinese chip companies, was at the forefront of Beijing’s efforts to jump-start its domestic chip production.
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