China Integrated Circuit Industry Investment Fund information
Chinese National Fund
China Integrated Circuit Industry Investment Fund Co., Ltd.
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; 9 years ago (2014-09-26)
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. 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 two phases of five years each with Big Fund I (2014 to 2019) and Big Fund II (2019 to 2024). The fund's management company is Sino IC Capital.[2]
^"China's 'Big Fund' Gets New Boss To Fight US Chip Export Curbs". Bloomberg.com. 13 March 2023. Archived from the original on 13 March 2023. Retrieved 1 April 2023.
^"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.
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