On October 31, Vail shares and NAVY Technologies announced that they will participate in the Qingdao Investment and Construction (Group) Joint Lhasa Jun Commodities Venture Capital Co., Ltd., Qingdao Minhe DE Yuan Venture Capital Management Center (Limited Partnership).
It is understood that the scale of the fund is RMB 3 billion. The total contribution subscribed when the fund is established is RMB 2.25 billion. The remaining contribution will be subsequently raised by general partners. The follow-up period will be two years from the date of fund establishment.
According to the disclosure, the fund by five partners funded by the proportion of subscription, Qingdao City Investment Group subscribed to invest 2.047.5 billion yuan, accounting for more than 90%; Vail shares, each invested 60 million yuan Naiwei technology; Subscription investment of 30 million yuan; Midea Ventures as a general partner of the Fund, subscription of 52.5 million yuan.
It is reported that after the establishment of the fund, the main direction is the acquisition of mature foreign high-quality semiconductor companies and investment in domestic high-growth semiconductor companies, key layout design companies, equipment companies, small wafers and IC packaging and testing platform will be introduced in accordance with the 'overseas mergers and acquisitions leading enterprises listed Business and capital integration + platform service-oriented industrial park 'industrial development model, to achieve high-quality project landing, the development of listed companies, capital preservation and appreciation of the pattern.