Zhitong Finance App News, Xingchen Technology (301536.SZ) announced that the company plans to cooperate with Kunqiao Capital Equity Investment Management (Shenzhen) Co., Ltd., a professional investment agency, and co-invest with general partners Kunqiao Capital, Shenzhen Kunnuo Enterprise Management Consulting Partnership (limited partnership) and other limited partners. The company intends to pledge an investment of 100 million yuan in cash as a limited partner to participate in the subscription of Kunqiao Capital (Shanghai) Technology Industry Private Equity Fund Partnership (limited partnership) to be established and managed by Kunqiao Capital as a fund manager (tentative name, “Kunming”) Bridge Phase III ”)'s share.
The partnership will focus mainly on high-quality projects in the entire semiconductor industry chain and artificial intelligence infrastructure, including IC design, packaging, raw materials, equipment manufacturing, EDA tools, IP development, artificial intelligence hardware, devices, energy/power, etc.; and selected projects in its application fields, including but not limited to the Internet of Things, cloud computing, 5G communications, optical communications, automotive electronics, key materials, storage, advanced packaging, high-end equipment and components, and other technology-related industries. Partnerships focus on cross-border, mergers and acquisitions, and spin-off projects; consider investing in strategic minority equity projects with high potential returns around industrial ecological platforms on the premise that the expected return meets the requirements.