Set micro-network news, Yesterday (June 5th) Microblog reported that Softchip’s British chip maker Arm, will sell 51% of Arm China’s company to US$775.2 million to a local investor consortium. It is reported that the transaction Will be completed in June, including the completion of applications, registration and other conditions.
In addition, Arm will form a joint venture with the consortium to jointly operate Arm's semiconductor technology business in China.
According to sources, the above investor consortium is a consortium led by the Hou'an Innovation Fund. The Hou'an Innovation Fund is a fund jointly managed by Arm and the Chinese private equity firm Hopu Fund.
On January 24, 2017, the China Investment Corporation, Silk Road Fund, Temasek, Singapore, Shenzhen Shenye Group, Hopu Investment and Arm Co-sponsored the establishment of the Hou'an Innovation Fund in Beijing. The fund's scale is 800 million US dollars. It is understood that the Hou'an Innovation Fund is managed by the world's leading semiconductor intellectual property provider Arm and Hopu Investment and settled in Shenzhen. The fund will combine Arm's global industrial ecosystem, focusing on investment in mobile Internet, Internet of things, artificial intelligence, etc. Multiple potential technology companies in key areas.
In fact, last year Arm had been seeking a joint venture in China and had consulted with the Arm China team. According to relevant analysts, the attitude of the other party was 'hoped to form a deeper cooperation model than usual'. Has planned to set up a fund company in China to invest in Chinese companies.
On May 14, 2017, Arm signed a memorandum of understanding with the China Hou'an Innovation Fund in Beijing to plan to establish a joint venture in Shenzhen. The company plans to build an integrated circuit core intellectual property (IP) development that is important to China and controlled by the Chinese side. Service Platform.
At the signing ceremony, Houpu Investment and Chairman of the Hou'an Innovation Fund, Fang Fenglei, said that after the establishment of the fund in January 2017, they had several discussions with Softbank Group and Arm and reached an agreement in Japan on April 12, 2017. This agreement was supported by the National Development and Reform Commission and the Shenzhen Municipal Government.
Ji Wei Net reported that the joint venture company or will be named "Arm mini China". It is understood that the Arm China joint venture company has just begun operations. In addition, there is news that the Arm China joint venture plans to carry out IPO in China , The fastest will be landing in the domestic A-share market this year.
According to a statement issued by Softbank on June 5, as many as 95% of China's (2017) designed chips are based on Arm's technology, and China's business also accounts for 20% of Arm's total revenue. Softbank two years ago After the acquisition of Arm, it also plans to sell 25% of its equity to Saudi Arabia’s $100 billion investment fund 'Vision Fund'.