Zhangjiang Hi-Tech launches 2bn yuan chip investment fund

Shanghai Zhangjiang Hi-Tech Park Development Co has launched the Shanghai Yuanhe Puhua Private Equity Fund Partnership targeting 2 billion yuan in total size.

The fund completed its first capital contribution of 116.25 million yuan from total committed capital of 775 million yuan. Zhangjiang's subsidiary Shanghai Zhangjiang Haocheng Venture Capital contributed 15 million yuan.

The fund will invest in unlisted integrated circuit companies across design, manufacturing, packaging, testing, equipment and materials sectors.