SMIC intends to invest in semiconductor industry with the establishment of national integrated circuit fund.

2018-07-10

TechWeb reports in May 3rd, semiconductor manufacturer core international announced today that it is intended to establish funds with the national integrated circuit fund to invest in companies related to semiconductor and semiconductor industries.

SMIC intends to invest in semiconductor industry with the establishment of national integrated circuit fund.

Mid core international bulletin screenshot

The announcement said that in May 2, 2018, Shanghai Yao core (as a general partner) entered into a partnership agreement with the national integrated circuit fund, wick International’s core wafer and joint fund (as a limited partner) on the establishment and management of the fund. The fund will be established in China as a limited liability partnership, with the purpose of equity investment, investment management and other activities to enhance the profits of all partners.

According to the partnership agreement, the total capital of the fund is RMB 1616160000 yuan, of which RMB 16 million 160 thousand yuan is funded by Shanghai Yao core, RMB 800 million yuan is funded by the national integrated circuit fund, RMB 165 million yuan is financed by central wafer and RMB 635 million yuan is financed by the joint fund. The fund will be managed by tec.

Investment objectives of the fund

The fund will focus on companies that invest in semiconductor and semiconductor related industries. The companies need to meet a number of parameters and continue to grow in China’s sales and business operations. The fund can only invest in its idle funds by bank deposits or buying low-risk and high flow investment products. Certain investments may not be made before the Advisory Committee of a limited liability partner has been approved. The fund shall not make investments that will generate unlimited liability, neither donate or subsidize activities, nor make illegal investments.

The reasons and benefits of the partnership agreement

According to the SMIC announcement, the partnership will invest in selected companies operating in semiconductor and semiconductor related industries. The purpose of these investments is to help accelerate the development of China’s integrated circuit ecosystem and explore potential business opportunities for developing and integrating industrial assets. Therefore, our customers and partners will benefit from the relevant development, and the company can enjoy the financial benefits of these investments. Therefore, the establishment of a partnership agreement between the SMIC and the centre has strategic and financial incentives.

The director (including the independent non executive director) believes that the partnership agreement and the proposed transaction are in accordance with the best interests of the company and the shareholders as a whole; the terms and conditions of the partnership agreement are fair and reasonable; and the partnership agreement and the proposed transaction according to the general commercial clause or better clause are in the daily and positive terms of the group. In the regular business process, it is in line with the interests of the company and shareholders.

The introduction of Shanghai Yao core

Shanghai Yao core is the overseas acquisition fund of the fortune Tek. Since its establishment in 2001, it has managed assets of over $3 billion. Shanghai Yao core, with its leading position in China’s scientific and technological investment, and its experience, expertise, professional team and resources, has successfully helped several scientific and technological enterprises to become leading positions in the industry.

Introduction of national integrated circuit fund

The national integrated circuit Fund (SIC) was registered in September 2014. It mainly invested in the value chain of the integrated circuit industry through a variety of channels, including integrated circuit chip production, chip design, packaging and testing, and equipment and materials. The fund investors include national open financial limited liability company, China National Tobacco Corp, Beijing Yizhuang International Investment Co, Chellona Mobile Communications Corporation Cmcc, Shanghai Guosheng (Group) Co., Ltd., Beijing Purple Light Communications Technology Group Co., Ltd. and wick Investment Management Co., Ltd.

Middle core international and medium core wafer

Notice that the company provides 0.35 micron to 28 nm different technology node wafer foundry and technical services. The company is headquartered in Shanghai, China, with a global manufacturing and service base. A 300mm wafer factory and a 200mm wafer factory were built in Shanghai; a 300mm wafer factory and a controlled 300mm advanced manufacturing plant were built in Beijing; a 200mm wafer factory was built in Tianjin and Shenzhen; a joint venture of a holding 300mm bump was processed in Jiangyin; and the 200mm wafer plant holding a holding was concerned in Dali. The company also set up marketing offices and provide customer services in the United States, Europe, Japan and Taiwan. At the same time, a representative office was set up in Hongkong.

Zhong Xin wafer was established in February 2014. It is a wholly-owned Affiliated Companies of investment fund company established according to Chinese law and China core international integrated circuit manufacturing (Shanghai) Limited company. It is operated in the form of the parent fund, and is managed by Shanghai Co., Ltd.

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