China IC 'Big Fund' Phase II Aims Self-Sufficiency

By Luffy Liu, EETimes
October 30, 2019

China’s “Big Fund” is rolling out its second phase of funding through a just-incorporated company called the National Integrated Circuit Industry Investment Fund Phase II Co., Ltd. (National Big Fund Phase II).

Compared to its Phase I that began five years ago, Big Fund Phase II is twice as big at 204.15 billion yuan ($28.9 billion), slightly exceeding market expectations. Phase II investment is anticipated to start as early as November this year.

The Big Fund first phase, which invested in 23 semiconductor companies, resulted in multiple mergers, acquisitions and IPOs.

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