US Venture Capital Investment in Chinese Semiconductor Industry Raises National Security Concerns An investigation by the US Congress has revealed that American venture capital firms channeled over $1 billion into the Chinese semiconductor sector, which is now considered a security threat by the US government. Five prominent firms, including GGV Capital and Qualcomm Ventures, invested in more than 150 Chinese companies, with approximately $180 million going to firms supporting China's military. Although the report doesn't allege any illegal activity, it underscores the concerns around such investments. The Biden administration has since imposed restrictions on US investment in certain Chinese technology sectors, aiming to limit China's access to advanced technologies with potential military applications. The committee behind the report has also advocated for tariffs on China and raised concerns about forced labor issues related to Chinese businesses.