Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chip maker, has agreed to invest $5m to start a venture capital company in Shanghai, China.
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chip maker, has agreed to invest $5m to start a venture capital company in Shanghai, China.
The China-based VC fund is raising Yuan500m ($73.2m), including the $5m from TSMC Partners, to invest in companies designing, rather than making, computer circuits, according to local news provider Focus Taiwan News Channel.
