Chinese semiconductor buyout fund says it follows ‘market logic’, not Beijing’s orders, as US reviews its South Korean chip deal

Source: China – South China Morning PostWise Road Capital, the Chinese private equity fund that triggered a US national security review after it bid for a prized South Korean chip firm, said it follows market principles and does not take orders from Beijing when it comes to foreign investments.In an exclusive interview with the South China Morning Post on Tuesday, Michael Zhang, the fund’s founding partner, said the firm follows “market logic” in screening deals and pursues profits for its investors, which include financial…Read More

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