A partner at a Chinese semiconductor investment fund has expressed support for the U.S. government’s ban on exporting certain advanced chips to China. Chloe Wang, a partner at Yang Cheng Fund,

welcomed the move and saw it as an opportunity to stimulate the domestic semiconductor ecosystem. The U.S. Department of Commerce recently announced restrictions on the sale of advanced artificial intelligence (AI) chips to China, citing concerns about potential military applications.

This ban affects chipmaker Nvidia’s A800 and H800 chips. Wang mentioned that her fund invests in semiconductor companies, particularly in AI and autonomous vehicle sectors,

with one AI chip company set to go public and another Shanghai-based AI chip firm valued at over $3 billion, although she didn’t specify the companies involved.