
By Greg Gao
(JW Insights ) March 15 -- Qingdao, the coastal city of eastern China’s Shandong Province, has established a new industry fund called Qingdao Integrated Circuit and Digital Infrastructure Industry Fund with a capital of RMB 3 billion ($436 million) to support the industries, JW Insights learned.
The Fund was jointly established by state-owned QDHF(青岛海发) and CMC Capital. It will roll out the first funding phase of RMB1 billion($145 million). The Fund aims to set up an IC research institute, launch an integrated circuit industry fund and build a supporting park for the semiconductor industry supply chain, said QDHF.
It intends to introduce and nurture high-quality IC companies that can complement and link up with advanced manufacturers in Qingdao, such as Haier and BOE and create a top-tier semiconductor manufacturing cluster in the city, according to QDHF.
RELATED
READ MOST
-
ijiweiTalk Ep 244: China Cracked Quantum Encryption? END GAME of password!
1.3w03-14 13:56 -
China’s national semiconductor Big Fund injects $1.87 billion into the country’s top memory chipmaker YMTC with a stake in it
920503-02 21:33 -
ijiweiTalk Ep 239: Metaverse's huge business loss, where did the money go?
840302-27 11:16 -
Chinese Vice Premier Liu He calls for leveraging supportive policies and market forces in developing IC industry
794403-03 18:51 -
Self-driving pioneer Mobileye launches a test center in Shanghai’s Jiading
785403-17 17:30