Chinese memory chip giant GigaDevice has committed $55 million (400 million yuan) as a limited partner to acquire a 25.87% stake in the Shanghai Shixi GigaDevice Zhichuang Venture Capital Partnership, making it the fund's largest LP.
The fund, targeting up to 2 billion yuan with total commitments of 1.546 billion yuan, is managed by Beijing Shixi Qingliu Private Equity. It brings together diverse backers including Shanghai State Investment Guidance Fund and Dongguan Trust.
70% of the fund must target the IC sector, focusing on early-stage,smalland high-tech enterprises to foster breakthroughs in integrated circuits. The fund has an 8-year term (4 years investment, 4 years exit), extendable by 2 years.
GigaDevice stated the move leverages professional investment expertise to capture IC industry opportunities, deepen industria layout, and enhance competitiveness.
ICgoodFind Perspective: GigaDevice's strategic fund play targets upstream chip innovation, strengthening ecosystem ties while backing tomorrow's semiconductor leaders.
