The second phase of the 200 billion large fund will start to invest in domestic 3D flash memory at the end of March.

In order to support the development of semiconductors, multiple departments have promoted the establishment of the “National Integrated Circuit Industry Investment Fund”, that is, a large fund. The first phase has been completed, and the second phase of the large fund is as high as 204.1 billion yuan. Substantial investment will begin in March this year.

Previously, the National Integrated Circuit Industry Investment Fund (2014.09-2018.05) had completed its investment, raising a total of 98.72 billion yuan of ordinary shares and issued 40 billion yuan of preferred shares, with a total investment of 138.7 billion yuan (compared to Compared with the original plan of 120 billion yuan raised by 15.6%), there are 23 public investment companies, and the cumulative effective investment projects have reached about 70.

According to reports, the investment scope of the first phase of the large fund covers the upper, middle and lower reaches of the integrated circuit industry, of which 67% of the investment is invested in semiconductor manufacturing, including the Yangtze River Storage, SMIC, Changjiang Electronics Technology, Tongfu We often hear Microelectronics and other manufacturing, packaging and testing companies, as well as Zhaoyi Innovation, Huiding, Jingjiawei, Ziguang, Guokewei and other semiconductor design companies.

After the first phase, the second phase of the large fund was registered and established on October 22, 2019, with a registered capital of 204.15 billion yuan, the legal representative is Louguang, the general manager is Ding Wenwu, and Huaxin Investment is responsible for the actual operation.

Five months after its establishment, the second phase of the big fund has not officially started to invest, especially in the last two months due to the impact of the epidemic, many projects have been postponed.

However, a person close to Huaxin Investment (manager of the national large fund) said in an interview, “The second phase of the national large fund should be able to start substantive investment at the end of March, and we are working hard to achieve this goal.”

It is uncertain which projects the second phase of the large fund will focus on investing in, but the domestic flash memory project in Wuhan, Hubei will still be the focus, that is, the Yangtze River Storage under Tsinghua Unigroup.

Shanghai Securities News pointed out that Ren Kai, vice president of Huaxin Fund Management Company (National Integrated Circuit Phase II Fund), said that the second phase fund actively supports the industrial development of Hubei, and has promoted the implementation of two major projects in Hubei, with a total investment scale of 80 billion yuan. The Yangtze River Storage with a total investment of about 12 billion yuan and Sanan Optoelectronics with a total investment of 12 billion yuan are currently progressing smoothly.

The second phase of the 200 billion large fund will start to invest in domestic 3D flash memory at the end of March.

YMTC mass-produced domestic 64-layer stack 3D flash memory

YMTC mass-produced China’s first 3D flash memory in 2019, with a 64-layer stack and 128Gb core capacity, and is currently actively expanding its production capacity. It is expected that the production capacity will increase to 70,000 wafers per month by the end of this year, close to Intel’s production capacity level, and It will eventually reach a scale of 100,000 wafers per month.

The first phase of the Yangtze River Storage project is currently under construction. The production capacity of the second phase project will reach 300,000 wafers per month. The final third phase of the project will be completed in 2030, and the production capacity will be increased to 1 million wafers per month, which is comparable to Samsung and TSMC. and other top semiconductor manufacturers.

Author: Xian Rui

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