SHANGHAI (Reuters) – Intel Capital, the venture arm of chipmaker Intel Corp (INTC.O), has invested in two Chinese startups in the semiconductor sector, the company announced on Wednesday, as part of its latest batch of deals.
FILE PHOTO: U.S. chipmaker Intel Corp’s logo is seen on their “smart building” in Petah Tikva, near Tel Aviv, Israel December 15, 2019. Picture taken December 15, 2019. REUTERS/Amir Cohen
The investments in companies that compete in fields typically dominated by U.S. players come as Intel remains embroiled in tensions between the United States and China over chip manufacturing.
ProPlus, one the Chinese startups Intel Capital has funded, makes EDA software that chip makers use to design their products before manufacturing them.
The leaders in that field, Cadence Design Systems Inc (CDNS.O), Mentor Graphics, and Synopsys Inc (SNPS.O) – all hail from the United States.
ProPlus Chairman and CEO Zhihong Liu once worked as a VP at Cadence Technologies while its…
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