Houan Innovation Fund launched, aiming at the next generation of technological revolution
HOPU-ARM Innovation Fund, jointly managed by ARM and HOPU Investments , was officially launched recently. Investors of the fund include China's sovereign wealth fund, funds under Chinese government agencies, a wholly-owned company of the Shenzhen Municipal Government, and internationally renowned investment institutions.
Combining ARM's global industrial ecosystem and Hillhouse Capital's rich investment experience, Hillhouse Innovation Fund is committed to investing in high-potential technology companies from ARM's Chinese and global ecosystems, covering a series of entrepreneurial and innovative investment projects, and accelerating the birth of key innovative applications represented by the Internet of Things, smart hardware, cloud computing, big data, artificial intelligence, etc.
ARM has been growing together with China and actively promoting China's innovation and industrial upgrading. In the past decade, the shipment volume of Chinese cores based on ARM chips by Chinese partners has grown more than 100 times, and more than 200 domestic partners have created an open innovation ecosystem covering almost all electronic information products. The Houan Innovation Fund launched this time will invest in China's electronic information technology industry in the form of an industrial fund to further build an open and innovative industrial ecosystem . The fund will support the core Internet of Things and artificial intelligence innovation platforms around the ARM ecosystem and technical resources, forming a two-way driving force of ecosystem plus financial support, helping companies with innovative strength to grow and improve their core competitiveness in the international market.
Wu Xiong'ang, ARM's global executive vice president and president of Greater China, said : "The Internet of Things and artificial intelligence are the core technologies of the next wave of technological revolution. China is one of the most important markets for the development of the Internet of Things and artificial intelligence in the world. ARM China's long-term vision is to work with domestic industries to create an open innovation ecosystem with core technologies and global competitiveness. ARM hopes to help local companies achieve breakthroughs in the new round of smart devices, big data, and artificial intelligence technology revolutions through a multi-pronged model of ecosystem collaborative innovation, industry chain technical support, and fund investment, so as to promote the continuous evolution of China's electronic information technology industry and achieve leadership in the future."
Li Xuan, managing partner of Houan Fund, said : "ARM architecture chips are used in many products and are adopted by consumers and enterprises around the world. Through the establishment of Houan Innovation Fund, we hope to leverage the advantages of ARM ecosystem and core technology, give full play to Houpu's accumulation in the field of financial investment, and help local companies achieve independent technological innovation and embrace the next wave of technological revolution."
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