On May 27th, according to the QCC APP, the National Integrated Circuit Industry Investment Fund Phase III Co., Ltd. (referred to as "the Fund Phase III") was recently established with a registered capital of up to 344 billion yuan.
The business scope of the Fund Phase III includes private equity investment fund management, venture capital fund management services, engaging in equity investment, investment management, asset management, and enterprise management consulting through private equity funds.
Equity penetration shows that the company is jointly held by 19 shareholders, with the Ministry of Finance holding the highest proportion of 17.4419%, followed by China Development Bank at 10.4651% and Shanghai Guosheng at 8.7209%.
Among other major shareholders are several national banks: Construction Bank at 6.25%, Bank of China at 6.25%, Industrial and Commercial Bank of China at 6.25%, Agricultural Bank of China at 6.25%, and Bank of Communications at 5.8140%.
Analysts believe that the specific investment direction and goal of the Fund Phase III is to accelerate the development of domestic semiconductors, potentially focusing on key "bottleneck" segments and technological advancements in the semiconductor industry chain to promote the overall development of the domestic integrated circuit industry.
The first phase of the fund was established on September 24, 2014, with a total size of 138.7 billion yuan, focusing on investments in the integrated circuit chip manufacturing industry, covering chip design, packaging testing, equipment, materials, and other sectors.
Statistics show that the first phase of the fund (including sub-funds) has leveraged a total of 514.5 billion yuan in social funds, with a leverage ratio of 1:3.7.
The second phase of the fund was established on October 22, 2019, with registered capital increased to 204.15 billion yuan. The investment direction is more diversified, covering wafer manufacturing, integrated circuit design tools, chip design, packaging testing, equipment, components, materials, applications, and more.
If estimated based on a 1:4 leverage ratio, the second phase of the fund could drive 816.6 billion yuan in social funds, with a total investment scale exceeding trillions.
In recent years, domestic chip companies have emerged like mushrooms after the rain, with many already listed on the A-share market, many of which have been supported by the first and second phases of the fund.
In total, the fund's total size for all three phases has reached 686.85 billion yuan.
