Sequoia Capital China denies reports of switch to semiconductor investments - Forbes.com

"Sequoia Capital China has denied media reports that it will shift its investment focus from the Internet to semiconductors.

Its founding managing partner Neil Shen told a conference in Beijing that reports of a change in direction for the venture capital firm over the next few years were mistaken.

'That is quite a misquote,' he said of the report, which cited Steven Ji, vice president of Sequoia Capital China, as predicting that its investments in semiconductors would increase and those in the Internet would decline. "