To help China’s semiconductor industry chain, the national integrated circuit industry investment fund phase II Co., Ltd. (hereinafter referred to as “big fund phase II”) has invested again. On February 25, National Silicon Industry Group Co.Ltd(688126) (hereinafter referred to as ” National Silicon Industry Group Co.Ltd(688126) “) disclosed the fixed increase results. The announcement shows that National Silicon Industry Group Co.Ltd(688126) this time, the total number of A-Shares issued to specific objects is about 240 million, the issue price is RMB 2.083/share, and the total amount of funds raised is about RMB 5 billion.
From the fixed increase results, the issuance object was finally determined to be 18, and the second phase of the “national team” large fund ranked among them, with the largest number of shares allocated, 72.01 million shares, allocated about 1.5 billion yuan, accounting for 30% of the total funds raised. In addition, Taizhou Zhongsi equity investment partnership (limited partnership) received 39.08 million shares and about 814 million yuan, accounting for about 16% of the total funds raised Shenwan Hongyuan Group Co.Ltd(000166) , noan fund, Guotai Junan Securities Co.Ltd(601211) also participated, and were allocated about 330 million yuan, 317 million yuan and 172 million yuan respectively.
It is understood that National Silicon Industry Group Co.Ltd(688126) was founded in 2015 by Shanghai Guosheng (Group) Co., Ltd. and national integrated circuit industry investment fund Co., Ltd. (hereinafter referred to as “big fund phase I”). It is one of the largest and technologically leading semiconductor wafer manufacturing enterprises in China, mainly engaged in the R & D, production and sales of semiconductor wafers, Focusing on the development of silicon material industry and its ecosystem, it is also the first enterprise to realize the large-scale sales of 300mm semiconductor silicon wafers. It is known as the largest silicon wafer factory in China.
The reporter noted that the National Silicon Industry Group Co.Ltd(688126) raised funds will be used for 300mm high-end silicon wafer R & D and advanced manufacturing projects for integrated circuit manufacturing, 300mm high-end silicon based material R & D pilot projects and supplementary liquidity funds. Through the implementation of this raised investment project, National Silicon Industry Group Co.Ltd(688126) will further improve the technical capacity and production scale of 300mm semiconductor silicon wafers that can be applied to advanced processes, establish the supply capacity of 300mm high-end silicon-based materials, improve the overall business scale of the company, enhance the technology development ability of the company, enhance the core competitiveness of products, and promote the continuous improvement of the scientific and technological innovation strength of the company.
It is worth noting that according to the announcement, as of December 31, 2021, the shareholding ratio of big fund phase I and Shanghai Guosheng (Group) Co., Ltd. in National Silicon Industry Group Co.Ltd(688126) is 22.86%, and they are listed as the largest shareholder, and their shares are currently in the restricted sale period. After the completion of the fixed increase issuance, the shareholding ratio of large fund phase I and Shanghai Guosheng will be reduced to 20.84%, still tied for the first largest shareholder, large fund phase II will become the seventh largest shareholder, with a shareholding ratio of 2.65%, and Taizhou Zhongsi equity investment partnership (limited partnership) will become the tenth largest shareholder, with a shareholding ratio of 1.44%.
In fact, in 2022, the second phase of large fund investment continued. First, it was allocated 300 million yuan in the fixed increase of Shennan Circuits Co.Ltd(002916) 25 billion on February 9, and then invested 600 million yuan to increase the capital of Shilan Jike on February 21. According to datayes data, up to now, there are 20 A-share listed companies invested by large funds in phase II.
Shengang Securities pointed out that the second phase of the “big fund” focuses on the layout of semiconductor etching machines, film equipment, testing equipment and cleaning equipment, so as to promote the expansion and strengthening of leading enterprises. The second phase of “big fund” also attaches importance to the investment in the field of semiconductor materials and continues to overweight wafer manufacturing.
Pan Helin, member of the information and communication economy expert committee of the Ministry of industry and information technology and executive director of the Digital Economy Research Institute of Central South University of economics and law, told the Securities Daily that the first phase of the large fund has achieved good investment benefits and is now in the payback period. Encouraged by the first phase of the big fund, the second phase of the big fund is more active in the field of semiconductor chips. On the one hand, it shows that the second phase of the big fund has stronger confidence in semiconductor chip investment. On the other hand, it also shows that China’s semiconductor chip industry has entered a new round of investment period, and a large number of semiconductor chip enterprises have begun to expand production capacity, invest in R & D and enter a new stage of development and expansion.
“The big fund provides financial support by actively participating in financing, so that all kinds of enterprises in the semiconductor industry do not have to worry about financial problems and help their long-term development. Of course, the big fund also acts as a baton to point out the direction of key technological breakthroughs in China’s semiconductor chip field.” Pan Helin further said.
Wang Peng, an associate professor of Renmin University of China, said in an interview with the Securities Daily that the investment trend of large funds has a symbolic leading role, which is undoubtedly good for the semiconductor industry. If the company does have good technology and good direction, the investment of large funds will bring various resources and the company’s share price will perform better. At the same time, the large fund has also created better conditions for basic and application level R & D and upstream and downstream industrial chains of the semiconductor industry.
