National Integrated Circuit Industry Investment Fund Phase III Established
TapTechNews May 28th news, the National Integrated Circuit Industry Investment Fund Phase III (National Integrated Circuit Industry Investment Fund III Co., Ltd.) was officially established on May 24th, with a registered capital of 344 billion Chinese yuan, exceeding the sum of the first two phases, and the legal representative is Zhang Xin.
According to public information, the National Integrated Circuit Industry Investment Fund is fully known as the National Integrated Circuit Industry Investment Fund, which is a national-level investment fund established by the Chinese government to promote the development of the integrated circuit industry. The fund aims to support the research and development, production, and application of the domestic integrated circuit industry through capital investment and promote the coordinated development of the upstream and downstream of the industrial chain to enhance China's competitiveness in the global semiconductor industry.
The National Integrated Circuit Industry Investment Fund is divided into three phases, and each phase has its specific investment focus and goals. The establishment of the third-phase fund means the continuous support and investment of the country in the integrated circuit industry.
TapTechNews found that the first two phases of the National Integrated Circuit Industry Investment Fund were established on September 26th, 2014, and October 22nd, 2019, respectively, with registered capitals of 98.72 billion yuan and 204.15 billion yuan. Bloomberg reported in March this year that the fundraising of the National Integrated Circuit Industry Investment Fund Phase III was 200 billion yuan, and now this data exceeds expectations by 70%.
The main goal of the first phase of the National Integrated Circuit Industry Investment Fund is to support the development of the Chinese integrated circuit industry and reduce the reliance on foreign chip technologies. According to public information, its investment distribution is roughly 67% in integrated circuit manufacturing, 17% in design, 10% in packaging and testing, and 6% in equipment and materials.
The second phase of the National Integrated Circuit Industry Investment Fund was established in 2019 and mainly focuses on the layout of the integrated circuit industry chain, focusing on investing in chip manufacturing and equipment materials, chip design, packaging and testing and other industrial chain links.
In terms of equity structure, the current contributors of the National Integrated Circuit Industry Investment Fund Phase III include China Development Bank Financial Leasing Co., Ltd., China Mobile Capital Holdings Co., Ltd., China Construction Bank Corporation, Ministry of Finance of the People's Republic of China, Bank of China, Postal Savings Bank of China, Industrial and Commercial Bank of China, Bank of Communications, Agricultural Bank of China, etc.
It is worth mentioning that the contr ibutors that have participated in all three phases of the National Integrated Circuit Industry Investment Fund include the Ministry of Finance, China Development Bank Financial Leasing Co., Ltd., China National Tobacco Corporation, Beijing E-Town International Investment & Development Co., Ltd., Shanghai Guosheng (Group) Co., Ltd., and all the six major state-owned banks are participating for the first time.
The industrial and commercial information shows that the current top three shareholders of the National Integrated Circuit Industry Investment Fund Phase III are the Ministry of Finance, China Development Bank Financial Leasing Co., Ltd., and Shanghai Guosheng (Group) Co., Ltd., with shareholding ratios of 17.4419%, 10.4651%, and 8.7209% respectively. Industrial and Commercial Bank of China, Agricultural Bank of China, Construction Bank of China, and Bank of China each hold 6.25%, Bank of Communications holds 5.814%, and Postal Savings Bank of China holds 2.3256%. E-Town Investment, which participated in the first and second phases of the National Integrated Circuit Industry Investment Fund, holds 5.814%.
In addition, with the establishment of the National Integrated Circuit Industry Investment Fund Phase III, the National Integrated Circuit Industry Investment Fund Co., Ltd. and the National Integrated Circuit Industry Investment Fund Phase II Co., Ltd. have undergone industrial and commercial changes. Lou Yuguang has stepped down as the legal representative and chairman of the two companies, and both are replaced by Zhang Xin. Zhang Xin is also the legal representative and chairman of the National Integrated Circuit Industry Investment Fund Phase III.