Chinaccelerator Daily Digest Nov 15, 2021

Nov 15 – Chinaccelerator Daily Digest: Five Headlines you need to know 

1. Biotech firm Ignis Therapeutics, a central nervous system (CNS)-focused biotech firm raised $180 million. DealStreetAsia

2. Highlight Capital, a healthcare-focused fund, secures first close of fourth RMB fund at $563m. DealStreetAsia

3. Silicon Valley VC firms and chip-industry giants are ramping up deals in China’s semiconductor industry, alarming U.S. officials. US firms have invested in 58 deals in China’s semiconductor industry from 2017 through 2020, more than double the prior 4 years. WSJ (paywall)

4. Chipmaker SMIC to invest $3.7 billion in establishment of joint venture in Shanghai. Pandaily

5. EVs powered by all-climate batteries to debut at Beijing Winter Olympics with technological breakthrough by a team headed by Wang Chaoyang, a professor at Pennsylvania State University and a member of the U.S. National Academy of Inventors. ST Daily