By CHENG TING-FANG and LAULY LI
TAIPEI — For Toshio Nakama, the battle between China and the U.S. for global tech supremacy has been a boon.
Last year S2C, the chip design tools company that he co-founded 16 years ago in Silicon Valley and later moved to Shanghai, was bought by SMIT Holding, a Chinese group backed by Beijing’s China Integrated Circuit Industry Investment Fund, nicknamed the “Big Fund.”
“Previously I had to spend a lot of time caring about operations and finding new investors,” Nakama, the CEO of S2C, told the Nikkei Asian Review. “Now I can dedicate most of my time and effort to research and development.”
Nakama’s good fortune — he has nearly doubled S2C’s team of sales and engineering staff to 100, and plans to double it again next year — is due to Beijing’s aggressive quest for technological self-sufficiency, in which companies like his play a crucial if little-known role.