The venture capital arm of Qualcomm faces uncertainty as the U.S. tightens controls over tech investments in China.
Quinn Li, Global Head of Qualcomm Ventures, participating in the Growth Summit stage during Collision 2018 held in New Orleans, May 3, 2018. Credit: Diarmuid Greene/Collision/Sportsfile via Flickr
Venture capital firms that once saw China as a land of opportunity must now see it as a land of risk, after the Biden administration last month announced a long-anticipated set of outbound investment restrictions that target Chinese companies developing cutting-edge artificial intelligence (AI) products and services.
For a firm like Qualcomm Ventures, the venture capital arm of chip design giant Qualcomm, the announcement is not the first sign that it’s no longer business as usual in China. In July, members of Congress wrote to the company's leadership, demanding to know more about its investments in Chinese AI companies. For a company that has invested hundreds of millions in China, it’s a dramatic change.
At The Wire, we periodically focus on prominent firms investing in China: In the past, we’ve featured Yunfeng Capital, Shunwei Capital, and Primavera Capital. This time, we take a closer look at Qualcomm Ventures, a firm with more than $2 billion of assets under ma
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Robert Lighthizer, the U.S. Trade Representative under Donald Trump, reflects on his decision to launch the trade war with China and begin the process of "strategic decoupling" — a process he says the U.S. must see through to the end.
