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Global Trade Alert

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China: Shanghai Biren Technology receives state aid from state-backed investors

Description

On 1 December 2023, several news outlets reported that Chinese fabless semiconductor design company Biren Technology would receive capital injections worth CNY 2 billion (USD 280 million) from "Guangz...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Dec 2023

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

Graph

Table

Affected Sectors

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Affected Products

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Threads

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