Qingdao Xin'en passed a proposal to increase capital by RMB 2.855 billion, and the construction of 8-inch production lines may be accelerated

According to Qingdao Maker Micro News, on May 25, Xin'en (Qingdao) Integrated Circuit Co., Ltd. passed a proposal for Qingdao Xingcheng Electric Power Equity Investment Partnership (Limited Partnership) to increase its capital by 2.855 billion yuan. The construction of the project's 8-inch production line will be accelerated.

In March this year, the State-owned Assets Supervision and Administration Commission of Qingdao City, Shandong Province held the second round of online signing for key investment projects in the spring of 2020. At the meeting, Qingdao Aucma Group and Shanghai Xingcheng Investment Management Co., Ltd. established a 3 billion yuan integrated circuit special fund, which will rely on the advantages of both parties and give full play to the capital power to make up for Qingdao's "lack of chips and surfaces". According to Peninsula News, the two parties will also jointly promote the implementation of the special fund as soon as possible to ensure that the first phase of the Xin'en project reaches production as scheduled.

In May this year, at the 2020 Qingdao Global Venture Capital Network Conference, the West Coast New Area signed a contract with Xingcheng Jidian Equity Investment. According to official news from the West Coast New Area, Qingdao Xingcheng Jidian Equity Investment Partnership (Limited Partnership) has subscribed to a fund size of 3 billion yuan, with a planned actual payment of 3 billion yuan within the year. It is planned to be invested and established by Qingdao Chengen Equity Investment Partnership, O-Film Group Co., Ltd., Shenzhen O-Film Investment Holding Co., Ltd., Qingdao Aucma Innovation Technology Co., Ltd., etc. The fund is invested in the integrated circuit industry and plans to invest in the Xinen (Qingdao) integrated circuit project in Qingdao.

In April this year, the Qingdao State-owned Assets Supervision and Administration Commission and five other departments issued the "Three-Year Action Plan for Municipal Enterprises to Accelerate the Layout of "New Infrastructure" and Realize Digital and Intelligent Transformation and Upgrading (2020-2022)", and the Xin'en project was also mentioned. The action plan pointed out that Aucma Group will accelerate the construction and production of the Xin'en (Qingdao) integrated circuit project, develop a number of integrated circuit products with independent intellectual property rights, improve core competitiveness, and enhance the overall level of Qingdao's integrated circuit industry.

Tianyancha information shows that Qingdao Chengen Equity Investment Partnership is a subsidiary of Shanghai Xingcheng Investment Management Co., Ltd., while Qingdao Aucma Innovation Technology Co., Ltd. is a subsidiary of Qingdao Aucma Group.

Image source: Tianyancha

The Xin'en (Qingdao) Integrated Circuit Project is the first CIDM integrated circuit project in the country. It was signed in Qingdao West Coast New Area in March 2018. It will build an 8-inch integrated circuit production line, a 12-inch integrated circuit production line, a photomask production line, and a chip testing plant.

On October 28, 2019, Xin'en held a topping-out ceremony for the first phase of its integrated circuit R&D and production project.

On December 27, 2019, the first Olympus AL3120 equipment was successfully moved into SiEn Qingdao 8-inch factory.