Recently, China National Integrated Circuit Industry Investment Phase III Co., Ltd. (referred to as "National Big Fund Phase III") was officially established, marking a new milestone in the development of China's semiconductor industry. It is reported that the fund has gathered the capital strength of 19 institutions, with a registered capital of up to RMB 344 billion, aiming to invest in the entire semiconductor industry chain and further promote the rapid development of China's semiconductor industry.

Previously, the China National Enterprise Credit Information Publicity System briefly disclosed relevant information, but was unable to access it for unknown reasons. However, the six major state-owned banks involved in the investment - Bank of China, Construction Bank, Agricultural Bank of China, Industrial and Commercial Bank of China, Bank of Communications, and Postal Savings Bank of China - have all announced their participation in this investment on Monday.

The third phase of the National Large Fund is in line with China's previous two funds, both aimed at strengthening the independent innovation capabilities of the domestic semiconductor industry by integrating resources from all parties. This measure shares some similarities with the Chip and Science Act signed by US President Biden, both aimed at strengthening the competitiveness of their respective countries in the semiconductor industry.

Since the establishment of the first phase of the National Fund in 2014, it has invested over hundreds of billions of yuan, providing strong support for the development of China's semiconductor industry. The establishment of the three phase fund this time not only has a larger scale, but also introduces capital from six major state-owned banks for the first time, demonstrating the Chinese government's firm determination and strong support in the semiconductor industry.

According to the Chinese media "China Fund News", the top three shareholders of the third phase of the National Fund are the Ministry of Finance of China, China Development Bank Finance, and Shanghai Guosheng Group, all of which are state-owned organizations, demonstrating the country's strategic leading position in this field. At the same time, the fund will also consider AI chips and storage chips as key investment areas to adapt to future trends in technological development.

As of now, the cumulative scale of the National Large Fund has exceeded 686.8 billion yuan, becoming an important force supporting the development of China's semiconductor industry. In the future, with the comprehensive operation of the three funds, China's semiconductor industry will usher in broader development space and is expected to occupy a more important position in the global semiconductor market.

Faust Technology focuses on the field of power devices, providing customers with power devices such as IGBT and IPM modules, as well as MCU and touch chips. It is an electronic component supplier and solution provider with core technology.