Hubble Technology Investment, the investment arm of Huawei, has recently made the move of investing in NineCube. This investment had the company acquire stakes in the electronic design automation firm, which is based in China.
This move has been widely seen as the Chinese tech giant’s aim of strengthening its chip design capabilities, as per a DigiTimes report. Notably, the news also arrives as the company struggles with the impacts of US trade sanctions. Furthermore, the report is based on recent updates from QCC, a Chinese platform providing information about companies based in China.
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As per the new updates, NineCube recently underwent a business change. It has now added Hubble Technology as a new shareholder. However, both firms have yet to disclose the exact sum of investment made by the investment arm of Huawei. For those unaware, NineCube was founded recently back in 2011 and is an EDA service provider with Wang Xinchao, the founder of China based IC packaging firm JCET, as one of its board of directors. At the moment, US companies hold a dominance in the EDA market, with an almost 80 percent market share in the industry. This mainly comprises major firms like Synopsys, Cadence, and Mentor Graphics.
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