Policy & Regulation

Over 200 Billion Yuan Raised for Big Fund Phase II: Three Major Operators

Updated:2019/10/29 20:18

State Integrated Circuit Industry Investment Fund Phase II Co., Ltd (hereinafter referred to as Big Fund Phase II) was officially founded on Oct. 22, 2019 with registered capital amounting to 204.15 billion Yuan.

In 2018, domestic integrated circuit market accounted for over 50% of global market, but self-sufficiency rate within the country is below thirty percent. The strong dependence on foreign supply should be altered as soon as possible. Against the much-complicated international circumstance, the establishment of Big Fund Phase II will undoubtedly bring some stimuli to the development of whole semiconductor industry at home.

As revealed by public data, there are altogether 27 shareholders involved in State Big Fund Phase II. Compared with Phase I, great improvement has been made in both quantity and fund collected. Moreover, the project is more diversified now. Three fundamental telecom operators also take an active part in it. In accordance with related materials, China Mobile Capital Co., Ltd subscribed 10. Billion Yuan, China Telecom Co., Ltd subscribed 1.5 billion Yuan, and China Unicom Capital Co., Ltd subscribed 1 billion Yuan. According to information, China Mobile Communications has participated in the Big Fund Project since Phase I.

 Source:C114
For press release services, please email us at english@c114.net.cn.

Related News

E-Mail:english@c114.net.cn

Copyright© 2014 C114 All rights reserved.