Technology

China-listed chip foundry Nexchip ropes in external investors for subsidiary’s $1.36b deal

Wanxin, which has yet to generate any revenue, booked a net loss of $4.8m in the first seven months of 2024.

The bond proceeds will be used to enhance access to climate finance for financially underserved enterprises.

As part of Sequoia, Peak XV raised $2.8 billion in 2022 — including $2 billion earmarked for India.

We see the greatest opportunities where tech acts as a force multiplier, partner Biju Mohandas said.

US curbs have turned the social media giant homeward in search of chips.

The funding round is expected to raise about $6.5b.

Fund managers are facing difficulties in translating closer regional ties into actual fundraising.

The company is backed by investors including Catamaran, Lumikai, and Hashed.

Higher valuations prompt the need for disciplined investment strategies.

Panellists highlight unique opportunities and challenges in the region.