On August 17, 2015, BOE Technology Group Co., Ltd. (BOE) (BOE A Share: 000725; BOE B Share: 200725) announced its plan to invest RMB 1.5 billion to establish the Integrated Circuit Fund together with the National Integrated Circuit Industry Investment Fund Co., Ltd. (“IC Fund”) and E-town Capital. With an estimated amount of RMB 4.0165 billion, the Integrated Circuit Fund will make investments in display-related downstream and upstream segments of the integrated circuit industry and the relevant fields of application.
According to BOE Board Secretary Liu Hongfeng, BOE will invest in display-related integrated circuit fields in the way of fund investment, which will not only serve its current business needs and strengthen its core competitiveness in the downstream and upstream segments, but also promote upgrading and increase of value added in the panel industry, and advance the development of China’s integrated circuit industry.
The supply and demand of integrated circuits, known as the “heart” of the electronics industry, is in serous imbalance in the Chinese mainland, where most of integrated circuits are imported. In 2014, the market size of integrated circuits in the mainland exceeded USD 150 billion, accounting for 43% of the global market, yet mainland manufacturers only took a share of less than 10% in the global market.
Considering the status quo of the industry, the State Council issued the Outlines for Promoting the Development of the Integrated Circuit Industry in June 2014, with a view to driving the coordinated and sustainable development of the industry chain, helping Chinese manufacturers to catch up with and overtake their international counterparts, and accelerating the development of China’s integrated circuit industry.
BOE partners with IC Fund to invest in integrated circuit
- Publish time:2015-08-17
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