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Huawei invested in 60-plus China chip firms since US sanctions
GUANGZHOU -- Huawei Technologies has bought into more than 60 Chinese chip-related companies since it became subject to U.S. sanctions in 2019, Nikkei has found, as it works to overcome a lack of access to Western technology with a homegrown supply chain.
Huawei has been expanding investments in the companies through Hubble, a wholly owned investment company it set up in 2019 when Washington began to restrict the Chinese telecom leader's access to U.S. technology and its market.
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