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Chinese Chipmakers Raise Money: What Does It Mean For The Chip War?


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Chinese chipmaker Horizon is seeking to raise $700 million through C round funding after the five-year-old unicorn received $150 million in round A. The news comes at a time as China tries to become self-reliant and independent from western chipmakers because of the US’s various sanctions that have limited the supply of chips into the country. 
Emerging technologies play a critical role in modern-day geopolitics and whoever has resources to build these technologies, including the processing chips, are at an advantage over others. Thus, controlling the chip market in the 21st century might prove to be as crucial as controlling oil in the 20th century.  ....

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