Kuaishou chip spin-off taps new funding for in-house designs amid US export controls

Chinese internet giants are increasingly moving beyond software and into Semiconductor Design, betting that proprietary chips will give them greater control over computing infrastructure as Artificial Intelligence workloads surge and geopolitical tensions hamper access to advanced foreign technology.Short video giant Kuaishou is the latest to ride the wave, after its chip spin-off TranStreams raised an undisclosed amount in a Series A+ financing round this week led by QF Capital, according to ITJuzi.com, a local start-up database platform.Other participants in the round included a state-backed investment vehicle under the Beijing Science and Technology Innovation Fund, Baidu’s venture arm, as well as XGD, a Shenzhen-based digital payment tech provider.