The CNY120 billion (US$19.5 billion) investment fund set up by the China government in 2014 to support development of its IC industry reportedly has begun looking for investment targets, according to industry sources.
China-based chip players, including Spreadtrum Communications, HiSilicon Technologies, Rockchip Electronics, Datang, Allwinner Technology and RDA Microelectronics are reportedly looking for equity investments from the fund.
Spreadtrum reportedly plans to release new shares worth several tens of billions in local currency in order to raise new capital, said the sources, noting that Spreadtrum aims to advance the roadmap of its 4G chips.
IC design houses which boast cutting-edge technologies, strong competitiveness, specification setting capability or the ability to create market demand are likely to win investment from the fund, said the sources.
