Trouble in Your Tank: Organic Addition Agents in Electrolytic Copper Plating
It’s Only Common Sense: Selling During an Economic Downturn
Marcy’s Musings: Can You Hear the Voices?
China's State Fund to Trim Stakes in Tech Stocks
December 23, 2019 | ReutersEstimated reading time: Less than a minute
China’s state-backed semiconductor fund announced plans to reduce holdings in some tech firms, even as foreign investors continued to add exposure to the country’s tech sector.
The National Integrated Circuitry Investment Fund, also known as the “Big Fund”, planned to cut its stakes in Gigadevice Semiconductor, chipmaker Shenzhen Goodix Technology and Hunan Goke Microelectronics by about one percentage point each, according to those companies’ statements.
The state fund currently holds 9.7%, 6.6% and 15.6% in the three companies respectively. It did not elaborate on why it wants to cut its holdings.
The plan comes after stellar stock gains this year, with Gigadevice Semiconductor, Shenzhen Goodix and Goke up 213%, 160% and 93% respectively.
Foreigners have spent a record 190 billion yuan ($27.1 billion) via the Stock Connect so far in 2019 purchasing shares listed on the tech-heavy Shenzhen Stock Exchange.
Beijing set up the Big Fund to support its chip sector, and in October a new national semiconductor fund of 204.2 billion yuan was established as it further seeks tech self-sufficiency amid tighter U.S. scrutiny of Chinese tech firms.
China also launched the Nasdaq-style STAR Market in July.
Share on:
Suggested Items
Lockheed Martin Reports Q1 2025 Financial Results
04/22/2025 | Lockheed MartinLockheed Martin Corporation reported first quarter 2025 sales of $18.0 billion, compared to $17.2 billion in the first quarter of 2024. Net earnings in the first quarter of 2025 were $1.7 billion, or $7.28 per share, compared to $1.5 billion, or $6.39 per share, in the first quarter of 2024.
Global Semiconductor Equipment Billings Surged to $117 Billion in 2024
04/10/2025 | SEMIWorldwide sales of semiconductor manufacturing equipment increased 10% to $117.1 billion in 2024 from $106.3 billion in 2023, SEMI, the industry association representing the global electronics design and manufacturing supply chain.
Gartner Says Worldwide Semiconductor Revenue Grew 21% in 2024
04/10/2025 | Gartner, Inc.Worldwide semiconductor revenue totaled $655.9 billion in 2024, up 21% from $542.1 billion in 2023, according to final results by Gartner, Inc. NVIDIA climbed to the No. 1 position, overtaking Samsung Electronics and Intel for the first time.
Global Semiconductor Sales Increase 17.1% Year-to-Year in February
04/07/2025 | SEMIThe Semiconductor Industry Association (SIA) announced global semiconductor sales were $54.9 billion during the month of February 2025, an increase of 17.1% compared to the February 2024 total of $46.9 billion and 2.9% less than the January 2025 total of $56.5 billion.
Global Fab Equipment Investment Expected to Reach $110 Billion in 2025
03/26/2025 | SEMIGlobal fab equipment spending for front-end facilities in 2025 is anticipated to increase by 2% year-over-year (YoY) to $110 billion, marking the sixth consecutive year of growth since 2020, SEMI announced today in its latest quarterly World Fab Forecast report.