SMIC, HuaLi Micro, and Silicon Industry Group Become the First Batch of Companies Invested in by the Shanghai Integrated Circuit Fund.

The Shanghai Integrated Circuit Manufacturing Fund, with a total size of 30 billion yuan, primarily supports the production of 12-inch chips. The list of companies selected for the fund’s initial investment has already been finalized. The first batch of companies to receive funding includes SMIC, HuaLi Microelectronics, and Silicon Industry Group. Additionally, according to a key investor in a priority segment of the fund, two-thirds of the fund’s total amount have now completed preliminary fundraising. The Shanghai Integrated Circuit Industry Fund has a total size of 50 billion yuan, of which 30 billion yuan is allocated to the manufacturing fund, 10 billion yuan is dedicated to the integrated circuit materials industry, and another 10 billion yuan will be used for mergers and acquisitions of outstanding integrated circuit design firms both domestically and abroad. Data shows that SMIC’s 28nm chips have reached a monthly production capacity of 10,000 wafers, but...

Shanghai’s 30-billion-yuan integrated circuit manufacturing fund primarily supports 12-inch chip fabrication. The list of companies selected for the fund’s initial investment round has been finalized, with SMIC, HuaLi Microelectronics, and Silicon Industry Group being the first batch of enterprises to receive funding. Additionally, according to a key investor in a priority segment of the fund, two-thirds of the fund’s intended capital has already been committed.

The total amount of the Shanghai Integrated Circuit Industry Fund is 50 billion yuan, of which 30 billion yuan is allocated to manufacturing funds, 10 billion yuan is dedicated to the integrated circuit materials industry, and another 10 billion yuan will be used for mergers and acquisitions of outstanding integrated circuit design companies both domestically and abroad.

Data shows that SMIC’s 28nm chips have reached monthly... Production capacity 1 Ten thousand wafers—but this falls far short of meeting the domestic demand of 100,000 wafers per month. SMIC has also already begun R&D on 14nm chips. HuaLi Microelectronics’ 28nm chips have just completed tape-out.

The Silicon Industry Group (Shanghai Silicon Industry Investment Co., Ltd.) is an investment platform established in November 2015 by the Shanghai Municipal Government, specializing in the silicon materials industry and its ecosystem development. Its investors include the National Integrated Circuit Industry Investment Fund, Shanghai Guosheng (Group) Co., Ltd., Shanghai Wuyuefeng Integrated Circuit Equity Investment Partnership, Shanghai Xinwei Electronics Co., Ltd., and Jiading Industrial Zone.

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