After planning to spend nearly 10 billion in dividends and more than 40 billion yuan in financial management, Foxconn Industrial Internet Co.Ltd(601138) has a big move!
Foxconn Industrial Internet Co.Ltd(601138) 3 announced on the evening of March 29 that on March 25, the company and Beijing Zhilu Asset Management Co., Ltd. (hereinafter referred to as “Zhilu capital”) signed the partnership agreement of Xingwei (Guangzhou) industrial investment partnership (limited partnership), which agreed that the company, as a limited partner, subscribed 9.8 billion yuan of fund share of Xingwei (Guangzhou) industrial investment partnership (limited partnership) (hereinafter referred to as “Xingwei fund”) with its own funds.
Although Xingwei fund did not explicitly enter the semiconductor industry, Foxconn Industrial Internet Co.Ltd(601138) had joined hands with Zhilu capital at the end of last year, and Zhilu capital focused on semiconductor core technology and other emerging high-end technology investment opportunitiesP align = “center” investors and capital contribution of Xingwei fund
Previously, Foxconn Industrial Internet Co.Ltd(601138) ceo Zheng Hongmeng said that the company would take a “small step fast” approach in the semiconductor field, first enter the field of chip design through investment, and then gradually extend to the fields of core devices, materials, even manufacturing equipment, semiconductor industry and Internet.
Xingwei fund is managed by Zhilu capital
Xingwei fund is registered in room 815, room 406, No. 1, Yichuang street, Huangpu District, Guangzhou (Zhongxin Guangzhou Knowledge City), with a total fund-raising scale of 9.801 billion yuan. Its business scope is to engage in investment activities with its own funds Foxconn Industrial Internet Co.Ltd(601138) said that Xingwei fund plans to realize investment income by investing in high-end precision manufacturing industry projects.
Although the semiconductor field is not mentioned in the above contents, the manager of Xingwei fund is Zhilu capital. Zhilu capital was established on May 5, 2017. Its legal representative is Zhang Yuanjie, with a registered capital of 100 million yuan. Its main managers are Zhang Yuanjie, Yang Fei and Xia Xiaoyu. Its main investment fields are investment in science and technology, including mobile technology, automotive electronics, intelligent manufacturing and intelligent Internet of things.
company’s official website introduces that Zhilu capital is a global professional equity investment institution, focusing on investment opportunities in semiconductor core technology and other emerging high-end technologies . Among the core members of the team, there are employees with more than 40 years of senior management experience in the world’s leading semiconductor companies. Some members also have management and science and technology research experience in front-line investment banks, consulting companies and PE companies such as AXA Rosenberg group, McKinsey, KKR and Merrill Lynch.
Previously, Zhilu capital led the acquisition of ANSYS semiconductor and set a Chinese record with a purchase price of US $2.75 billion. Public information shows that in the past five years, Zhilu construction and broadcasting consortium has led and completed a number of cross-border mergers and acquisitions of Chinese institutions in the semiconductor field. At the same time, both Zhilu capital and Jianguang assets are the core investment platforms of Beijing Centergate Technologies (Holding) Co.Ltd(000931) Rongxin financial information industry alliance, which can provide industrial docking resources for nearly 200 member units.
On December 10, 2021, Unigroup Guoxin Microelectronics Co.Ltd(002049) announced that the company received the notification letter from the manager of Ziguang group on the same day, which showed that Zhilu capital and Beijing Jianguang Asset Management Co., Ltd. were determined to form a consortium as the leading parties to become strategic investors in the substantive merger and reorganization of seven enterprises such as Ziguang group.
Foxconn Industrial Internet Co.Ltd(601138) introduction: as the fund manager, Zhilu capital is responsible for investigating, analyzing and evaluating the investment opportunities of Xingwei fund, designing the transaction structure, conducting relevant negotiations, supervising the implementation of investment projects, monitoring and managing the invested companies, exercising voting rights on behalf of Xingwei fund in the invested companies, making suggestions on the disposal and withdrawal of investment projects, and signing and delivering relevant documents on behalf of Xingwei fund.
At the same time, Xingwei fund hired Beijing Zhilu Xinneng management consulting partnership (limited partnership) (hereinafter referred to as “Zhilu consulting”) as the financial consultant to provide equity investment and financing information services such as project investment advice, investment analysis, feasibility study, compilation of business plan, project due diligence, project financing advice, and policy consultation, transfer scheme planning and transfer information services related to equity transactions.
Zhilu capital and Zhilu consulting jointly confirmed that Zhang Yuanjie, Yang Fei and Xia Xiaoyu are very important to the investment and operation of Xingwei fund and are key persons of Xingwei fund. During the duration of Xingwei fund or before all invested projects withdraw (“key person lock-in period”, whichever is earlier), key persons will continue to serve the management and operation of Xingwei fund or invested enterprises
there are early signs of entering the semiconductor field
Compared with this big deal, Foxconn Industrial Internet Co.Ltd(601138) has invested 2.22 billion yuan to test the water and invest in the semiconductor field.
On December 9, 2021, Foxconn Industrial Internet Co.Ltd(601138) signed the partnership agreement of Shengfeng (Guangzhou) industrial investment partnership (limited partnership) with Zhilu capital, Dongguan Science and technology innovation finance group Co., Ltd. and Zhuhai Development Investment Fund (limited partnership), which stipulates that Foxconn Industrial Internet Co.Ltd(601138) as a limited partner, subscribed 2.22 billion yuan of fund share of Shengfeng (Guangzhou) industrial investment partnership (limited partnership) (hereinafter referred to as “Shengfeng investment”) with its own funds, Accounting for 66.65% of the share of the investment fund.
Zhilu capital, as the general partner, executive partner and fund manager of Shengfeng investment, and other investors as limited partners, is liable for Shengfeng investment’s debts to the extent of its subscribed capital contributionP align = “center” paid in capital contribution of each partner of Shengfeng investment
Dongguan Tiancha Technology Development Co., Ltd. is a subsidiary of Dongguan Tiancha Financial Investment Group Co., LtdP align = “center” equity structure of Shengfeng investment
At that time, the Foxconn Industrial Internet Co.Ltd(601138) announcement only mentioned that shengfengchan investment plans to jointly invest in guangrongzhi (Guangdong) modern industry development Co., Ltd. (tentative name, subject to the approval and registration of the industrial and commercial department, hereinafter referred to as “guangrongzhi group”), and invest in high-end precision manufacturing projects through guangrongzhi group to realize investment income
Today, Zhilu capital, together with the company under the state owned assets supervision and Administration Commission of Guangzhou Development Zone and oppo affiliated company xunxing investment (Chongqing) Co., Ltd., has jointly established the majority of Rongzhi group and wholly owned the majority of Zhixin (Guangzhou) Holding Co., Ltd. (hereinafter referred to as “the majority of Zhixin”).
Tianyancha shows that the majority of smart core was established on November 22, 2021, with a registered capital of 4.531.3 billion yuan and the legal representative is Zhang Yuanjie. Its business scope includes: technical services, technology development, technical consulting, technical exchange, technology transfer, technology promotion, electronic component manufacturing, information technology consulting services, and investment activities with its own funds.
establish Internet Ecology of semiconductor industry
“In the semiconductor industry, Foxconn Industrial Internet Co.Ltd(601138) has its own unique advantages.
”Zheng Hongmeng said that this confidence stems not only from the purchase volume of the group, which can support the development of semiconductor business, but also from the fact that the company controls a strong supply chain, has accumulated rich experience and data in intelligent manufacturing, can carry out end-to-end integration and establish an Internet Ecology of semiconductor industry.
On August 19, 2021, Foxconn Industrial Internet Co.Ltd(601138) signed the partnership agreement of southeast digital transformation investment (Putian) partnership (limited partnership) with Shenzhen Hongdao Tianrui Investment Co., Ltd., digital mobile equity investment (Putian) Co., Ltd. and other investors. It is agreed that Foxconn Industrial Internet Co.Ltd(601138) as a limited partner, with its own funds, Subscribed 50 million yuan of fund shares of southeast digital transformation investment (Putian) partnership (limited partnership) (tentative name, subject to the name finally approved by the market supervision and administration department) (hereinafter referred to as “southeast digital transformation investment fund”).
The total fund-raising scale of southeast digital transformation investment fund is 1 billion yuan, which is raised by stages. It mainly invests in traditional industry digital upgrading projects, basic industry digital projects and industry digital common technology enterprises in China. Zheng Hongmeng previously said that the company’s participation in the southeast digital transformation investment fund has taken the step of exploring semiconductor development opportunities in the southeast region.
On March 23, Foxconn Industrial Internet Co.Ltd(601138) held an online performance presentation, which revealed that the company will establish an Internet Ecosystem of semiconductor industry in the semiconductor field by virtue of intelligent manufacturing experience and data accumulation, as well as automation equipment and high-end precision equipment technology. At the same time, through the extension of investment to core technology, meet the company’s large demand for chips, improve the company’s influence in all aspects of semiconductors, focus on the fields of advanced packaging, testing, equipment and materials, EDA software, chip design and so on
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