According to three informed sources, the big fund is close to the announcement of the establishment of a new fund focused on supporting local chip production and technology.
Informed sources said that before the recent trade disputes and the ZTE incident, the second phase of the big fund was already under preparation, but added that due to increased trade tensions, the Chinese government is currently planning to increase the overall investment in the industry.
Due to sensitive issues, all three sources requested anonymity. The Ministry of Industry and Information Technology and the National IC Industrial Investment Fund did not immediately respond to requests for comment.
A direct source said that China Development Finance will serve as the lead underwriter for Phase I and Phase II funds and will participate in the next phase of investment. Potential investors in Phase II funding include local government support funds and state-owned enterprises.
The call to China State Finance on Thursday was unanswered. The company did not immediately reply to the e-mail request for comment.
The fourth source said that the new fund will focus on three areas: memory chips, integrated circuit design and compound semiconductors.
Some previous forecasts have stated that the new semi-conductor fund will raise 1,500-2,000 billion yuan. According to the sources mentioned above, this prediction is inaccurate, and people always tend to overestimate the size of the fund and make it 'listen' Very scary. '