The British Financial Times quoted people familiar with the matter and said that because the economic slowdown brings difficulties to local governments and state -owned enterprises, China may be difficult to complete the national integrated circuit industry fund (referred to as the Great Fund) 300 billion yuan (RMB, RMB,In the same, the financing target of 56.3 billion yuan).
According to the Financial Times report on Wednesday (September 27), three people familiar with the inside story revealed that the Ministry of Industry and Information Technology encountered the third phase of funds from local governments and state -owned enterprises.Difficulties, because these governments and enterprises are struggling in economic slowdown.
A person who is closely related to the provincial government said that the weak recovery after the epidemic has caused financial pressure on the local government, including some local governments facing heavy debt problems, which makes them "more cautious in investment in investment.And conservative ".
Reuters quoted a number of people familiar with the matter in early September that in orderFocus of chip manufacturing equipment field.
Data show that the National Integrated Circuit Industry Fund is China's industrial investment fund in the semiconductor industry. It was established on September 26, 2014.Guo Sheng, China Electric Division, Ziguang Communication, Huaxin Investment and other companies were launched.
The first phase of the fund raised about 139 billion yuan, and the second phase of the fundraising was about 200 billion yuan. It supports many leading chip companies through equity and debt investment, such as the Yangtze River Storage, Huahong Semiconductor and China Middle.Xin International and so on.In addition, the large fund is a series of parent funds behind the venture capital fund that focuses on the semiconductor industry.
The Financial Times reported that industry insiders and analysts believe that due to the restrictions on the semiconductor industry's advanced technology, insufficient investors who can invest in investors have also caused investors' investment decisions to become more passive.
A Chinese analyst who does not want to disclose the name said that when the large fund decides the investment target, it will no longer only consider the value of investment, but also consider the restrictions of the United States, which makes it more limited.
The report also analyzed Wind data that the large fund has adopted a more cautious attitude in the second stage, and more than 30% of the raised funds are used for subsequent financing supported by the company in the first stage.The other two people familiar with the fund said that the funds raised in the second stage have not been fully utilized.
