The venture capital arm of Qualcomm faces uncertainty as the U.S. tightens controls over tech investments in China.
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
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