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China's Xiaomi continues chip strategy revamp with investment in semiconductor designer

Updated : July 15, 2019 12:17 PM IST

The investment comes as the government identifies chips as one of several sectors in which it wants the country to become more self-reliant under its "Made in China 2025" initiative.
In a filing to the China Securities Regulatory Commission (CSRC) published online on Thursday, VeriSilicon revealed a fund run by Xiaomi became its second-largest external shareholder in June.
China's Xiaomi continues chip strategy revamp with investment in semiconductor designer

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