China’s state-backed chip investment fund has invested 14.56 billion yuan ($1.99 billion) in a memory chip company called Changxin Xinqiao, records showed.
The deal saw China Integrated Circuit Industry Investment Fund, also known as the “Big Fund”, contribute to 33.15% of the total registered capital of Changxin Xinqiao, according to an update dated Oct. 26 to the company’s registration information on the National Enterprise Credit Information Publicity System(NECIPS).
China’s semiconductor state fund invests $2 billion in memory chip firm | Reuters