INSUBCONTINENT EXCLUSIVE:
economic headwinds, the integrated circuit (IC) sector is outpacing all others in minting billion-dollar companies.The landscape of Chinese
unicorns is shifting rapidly
New unicorn births dropped from 192 in 2021 to 106 in 2023
However, the semiconductor industry bucked this trend, producing more unicorns than any other sector.Funding sources are evolving too
US dollar investments plummeted from 50% of deals in 2021 to just 28% in 2023
has become a unicorn hotspot
Unicorn Boom Amid Tech Tensions
(Photo Internet reproduction)Government support plays a crucial role
IPOs for Chinese unicorns have declined, with only 19 going public in 2023 compared to 31 in 2021
This reflects growing hurdles in both domestic and international markets.Globally, China still trails the US in unicorn count
the forefront of a high-stakes race for technological supremacy
Their success or failure could redefine global tech dynamics for decades to come.
