Under Chen Datong's leadership, more than 80%of Yuanhe Huahua's investment is used to find and develop products that can replace foreign technology in China.This is an important measure to build the local chip industry under the strict export control of the United States.A senior executive of a technology private equity fund said: "There are many government funds in China who want to invest in semiconductors, but they lack professional investors like Chen Datong."
(London / Hong Kong / Beijing / Washington Comprehensive News) China officially reported that Chen Datong, a chip investment expert took away in the anti -corruption storm of the "Big Fund" chip last August, hoped that he could help break through the Western chip to Chinese chipsStrictly enclosed in the industry.
The British Financial Times quoted two sources that Chen Datong, a management partner of Yuanhe Puhua (Suzhou) Investment Management Co., Ltd., who had been closed for eight months, was released in March this year.
Yuanhe Puhua, established in 2004, is an investment company active in the integrated circuit industry.The chip company provides seed funds.
After China set off a anti -corruption storm against the chip industry at the end of July last year, Chen Datong was taken away in August.At that time, the State Supervision Commission of the Central Committee of the Communist Party of China was investigating the relevant institutions of the China National Integrated Circuit Industry Investment Fund (referred to as the "Big Fund") and detained more than a dozen senior chip supervisors and officials.
The Great Fund is the main tool for the development of China's officially supporting semiconductor industry. The purpose is to end China's dependence on foreign chips.Since its establishment in 2014, the fund has raised about $ 47 billion (S $ 62.5 billion) funds, supporting many companies, but failed to obtain a major breakthrough in China to catch up with the United States.Yuanhe Puhua is one of the companies that have obtained the financing of Da Fund; Chen Datong is also an independent member of the Great Fund Investment Council.
A Chinese government official said: "The severe situation of the Sino -US scientific and technological war has forced the Chinese government to decide to release him as soon as possible."
In the past few months, the United States has continued to increase its strict control over China's advanced technology channels, forcing Beijing to rethink how to support the development of the chip industry.Chinese officials also hope that the anti -corruption investigation of the chip industry will not be severely damaged the development of the industry.
Under the leadership of Chen Datong, more than 80%of Yuanhe Puhua's investment is used to find and develop products that can replace foreign technology in China.This is an important measure to build the local chip industry under the strict export control of the United States.A senior executive of a technology private equity fund said: "There are many government funds in China who want to invest in semiconductors, but they lack professional investors like Chen Datong."
The details of Chen Datong's imprisonment are still unclear. Some people call him "thin", and some people say that he is "healthy" after his release.A employee of Yuanhe Yanhua said that Chen Datong was released "very good news", but it was unlikely that he would return to the office soon."At this stage, it is too early to discuss his future plan for semiconductor investment."
At the same time, the US government has continued to strengthen export supervision of Chinese companies.According to Reuters, the US Department of Commerce announced on Thursday (March 23) that 14 Chinese companies were included in the "unknown list."These entities must prove the final purpose of imported products from the United States within 60 days, otherwise they will be included in the highest -limited system list and restricted to obtain American products and technology.
