 | |
Native name | 国家集成电路产业投资基金股份有限公司 |
|---|---|
| Company type | State-owned enterprise |
| Industry | Investment management |
| Founded | 26 September 2014 |
| Headquarters | Beijing, China |
Key people | Zhang Xin (President) |
| AUM | US$45 billion (2023)[1] |
| Owners | Ministry of Finance (36.74%) China Development Bank (22.29%) China Tobacco (11.14%) |
The China Integrated Circuit Industry Investment Fund (ICF; Chinese: 国家集成电路产业投资基金; pinyin: Guójiā Jíchéng Diànlù Chǎnyè Tóuzī Jījīn), also known as the National Integrated Circuit Industry Investment Fund and the Big Fund (Chinese: 国家大基金; pinyin: Guójiā Dàjījīn), is a China Government Guidance Fund.[2]: 163 The fund aims to help China reach its national goal of achieving self-sufficiency in the semiconductor industry (as part of the Made in China 2025 plan) by investing in domestic semiconductor companies. It has played a significant role with regards to the semiconductor industry in China by funding companies such as SMIC, Hua Hong Semiconductor, and YMTC.
The fund has three phases respectively, with Big Fund I (2014 to 2019) and Big Fund II (2019 to 2024), and Big Fund III (2024 to 2039). The fund's management company is Sino IC Capital.[3]
- ^ "China's 'Big Fund' Gets New Boss To Fight US Chip Export Curbs". Bloomberg News. 13 March 2023. Archived from the original on 13 March 2023. Retrieved 1 April 2023.
- ^ Lan, Xiaohuan (2024). How China Works: An Introduction to China's State-led Economic Development. Translated by Topp, Gary. Palgrave Macmillan. doi:10.1007/978-981-97-0080-6. ISBN 978-981-97-0079-0.
- ^ "China's top anti-corruption body probes ex-semiconductor fund executive". South China Morning Post. 18 July 2022. Archived from the original on 14 September 2023. Retrieved 11 September 2023.