It took Massachusetts-based Nantero nearly two decades to bring its carbon nanotube memory chips to the market. And when it did, Chinese state investors were quick to grab a small slice of the start-up.
In a $30m funding round in April, the privately held company took in capital from China’s largest semiconductor maker, SMIC, and the China Integrated Circuit Fund, a $15bn state investor tasked with helping China’s chip industry outpace the US over the next decade.
The investment in Nantero was part of a record inflow of Chinese venture capital into US technology, an important source of funding for the sector this year.
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