Xi Venture Capital invests in SMIC, a company that has landed on the Science and Technology Innovation Board
From May 18 to 19, the 2023 the Taihu Lake Bay Life and Health Future Conference of "Innovation, Opening up, Digital Intelligence and Health" was successfully held. In addition to the main summit, the conference also held 15 series of activities, three of which were held by Guolian Group, its subsidiary Tin Venture Capital and Guolian Securities. At this conference, Guolian Group fully demonstrated the mission and responsibility of state-owned enterprises and the advantages of comprehensive financial empowerment, making positive contributions to optimizing the innovation ecosystem of the biopharmaceutical industry and building a trillion level life and health industry cluster in Wuxi. At the opening ceremony of the conference, Xi Venture Capital signed two biopharmaceutical funds with a total scale exceeding 10 billion yuan.
Shaoxing SMIC Integrated Circuit Manufacturing Co., Ltd., a company invested by the integrated circuit team of Xichuang Capital Headquarters, officially listed on the Shanghai Stock Exchange Science and Technology Innovation Board (referred to as SMIC, stock code: 688469. SH) today.
Integrated circuits have always been a key investment direction of Xicheng Venture Capital. As of now, the company has managed more than ten existing funds invested in the integrated circuit industry, with an overall scale of over 20 billion yuan. Xi Venture Capital is positioned as an angel VC、PE、 High quality enterprises in multiple financing stages such as private placement and mergers and acquisitions have provided investment empowerment, helping to give birth to a large number of "heavyweight players" in multiple integrated circuit industry chains such as Huahong Semiconductor, Wentai Technology, Xinjieneng, Yak Technology, Shengmei Semiconductor, and Lanqi Technology.
SMIC was established in March 2018, mainly engaged in wafer foundry and packaging testing business in the fields of MEMS and power devices, providing customers with one-stop outsourcing manufacturing solutions. In the 2021 global exclusive wafer foundry ranking, the revenue of SMIC ranked 15th in the world and 5th in Chinese Mainland. The comprehensive capacity of SMIC integration will rank first among the MEMS generation plants in Chinese Mainland in 2020. SMIC's integrated process platform covers ultra-high voltage, automotive, advanced industrial control, and consumer power devices and modules, as well as automotive, industrial, and consumer sensors. Its application areas cover industries such as smart grids, new energy vehicles, wind power generation, photovoltaic energy storage, consumer electronics, 5G communication, the Internet of Things, and household appliances. It is currently one of the few wafer foundry companies in China that provides automotive grade chips. It has established a full process automotive grade quality management system from research and development to large-scale production, and has established cooperative relationships with several leading companies in the industry. In the fourth quarter of 2022, the proportion of revenue from the automotive sector in its wafer foundry business has approached 40%.
