Hongyi Investment has partnered with Xi'an High-tech Investment to establish a 1.198 billion yuan fund focused on enhancing the semiconductor and AI industries in Shaanxi province.

Target Information

Hongyi Investment has partnered with Xi'an High-tech Investment Co., Ltd. (referred to as 'Xi Gao Tou') to establish the Shaanxi Finance and Xi Gao Tou Hongyi Investment Fund, which recently completed its second phase of fundraising. This initiative marks the first dedicated industrial fund in Shaanxi province that supports the semiconductor and AI sectors, signaling a significant step towards bolstering technological advancement in the region. With a total fund size of 1.198 billion yuan, this fund aims to inject substantial capital into the next generation of information technology and future industries, especially focusing on semiconductors, integrated circuits, and artificial intelligence.

The signing of a 198 million yuan contribution agreement with the Shaanxi Provincial Government Investment Guiding Fund solidifies the fund’s commitment to fostering high-quality development in Shaanxi's key technological fields. This collaboration is essential for enhancing innovation and supply capabilities within the industry.

Industry Overview in Shaanxi

The semiconductor and AI sectors in Shaanxi province are rapidly gaining traction, driven by increased government support and investment initiatives aimed at positioning the region as a hub for technology development.