# China tech investment

China’s Chip Champions Turn Venture Backers: GigaDevice and JCET Use LP Stakes to Shape Supply Chains

GigaDevice and JCET have each taken multi‑hundred‑million‑RMB limited‑partner stakes in new semiconductor funds, combining industry knowledge with state and bank capital. These moves reflect a broader Chinese trend of chip companies using fund investments to scout, incubate and eventually acquire strategic upstream and downstream targets.