India, Aug. 3 -- A new wave of industrial capital is moving into the China's semiconductor sector, as local governments and industry leaders accelerate investments in strategic technologies.

Recently, Shenzhen, Shanghai and Wuhan have unveiled a series of major industrial fund initiatives and registration updates.

From Shenzhen's successful registration of a RMB 10 billion-level industrial ecosystem fund, to Wuhan Optics Valley's launch of a RMB 18 billion parent fund cluster, and the participation of listed companies such as ACM Research and Universal Scientific Industrial (USI) as limited partners (LPs) in dedicated investment funds, these capital moves highlight a more pragmatic approach emerging in the hard-tech investment landscape...