On June 19, an online signing ceremony was held between Jinshan District of Shanghai and the China Science and Technology Finance Industry Alliance. The ceremony marked the official establishment of Huatong Xinde's third-generation compound semiconductor project in Jinshan.
At the ceremony, Shanghai Xinjinshan Industrial Investment Development Co., Ltd. and Beijing Huatong Xinde Technology Co., Ltd. signed a cooperation agreement on Huatong Xinde's third-generation compound semiconductor project, and Shanghai Jinshan Technology Venture Capital Co., Ltd. and Beijing Guangda Huitong Engineering and Technology Research Institute signed a cooperation agreement on the Huitong Science and Technology Investment Special Fund.
According to data, Beijing Huatong Xinde Technology Co., Ltd. was established in 2016 and is a member of the China Science and Technology Financial Industry Alliance. According to Jinshan Rong Media, Huatong Xinde's third-generation compound semiconductor project has a total investment of 2.9 billion yuan, a fixed asset investment of 2.27 billion yuan, and plans to use 50 acres of land. It will purchase land in Jinshan Industrial Zone and build factories and clean workshops through a third-party construction model. The project will be implemented in two phases.
The first phase plans to invest 650 million yuan to build a production project with a monthly output of 7,000 GaAs (gallium arsenide) chips; the second phase plans to invest 2.25 billion yuan to build a production project with a monthly output of 3,000 GaN (gallium nitride) RF chips and 20,000 power semiconductor chips. Its products will be widely used in 5G base stations, radars, microwaves and other industrial fields.
Huitong Science and Technology Innovation Fund mainly invests in semiconductors, artificial intelligence, the Internet of Things and other related industries. The first return investment project, Huatong Xinde, has been implemented, realizing large investments through small investments, and reserving, driving and gathering a group of industrial chain companies to form clusters and chains in Jinshan.
It is reported that the fund has exceeded the originally planned fundraising amount and currently has reserved 20 upstream and downstream projects in the integrated circuit industry chain with a total scale of approximately 8 billion yuan.
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