China’s ongoing efforts to strengthen its semiconductor industry received a significant boost as the state-backed China Integrated Circuit Industry Investment Fund, also known as the “Big Fund,” invested a substantial 14.56 billion yuan ($1.99 billion) in Changxin Xinqiao, a memory chip company. This deal represented a substantial 33.15% of Changxin Xinqiao’s total registered capital, according to an update dated October 26 in the National Enterprise Credit Information Publicity System.
This story is from the November 01, 2023 edition of The Business Guardian.
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This story is from the November 01, 2023 edition of The Business Guardian.
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