The Chemical Connection: Onshoring PCB Production—Daunting but Certainly Possible
It’s Only Common Sense: The Phone Is Still Mightier Than the Keyboard
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:
Testimonial
"Our marketing partnership with I-Connect007 is already delivering. Just a day after our press release went live, we received a direct inquiry about our updated products!"
Rachael Temple - AlltematedSuggested Items
Nvidia, Microsoft, and BlackRock Lead $40 Billion Deal to Acquire Aligned Data Centers
10/16/2025 | I-Connect007 Editorial TeamA consortium including Nvidia, Microsoft, BlackRock, and Elon Musk’s xAI has agreed to buy Aligned Data Centers in a deal valued at about $40 billion, marking one of the largest-ever data infrastructure acquisitions as tech giants race to expand capacity for artificial intelligence, the Associated Press reported on Oct. 14
India’s Aerospace and Defence Engineered for Power, Driven by Electronics
09/16/2025 | Gaurab Majumdar, Global Electronics AssociationWith a defence budget of $82.05 billion (2025–26) and a massive $223 billion earmarked for aerospace and defence spending over the next decade, India is rapidly positioning itself as a major player in the global defence and aerospace market.
Alphabet Boosted by AI, Cloud Demand as Spending Needs Jump
07/24/2025 | I-Connect007 Editorial TeamGoogle’s parent company, Alphabet Inc., said that demand for artificial intelligence products boosted its quarterly sales, and now requires an extreme increase in capital spending to keep up in the AI race, Bloomberg reported. For 2025, the company stated its capital expenditure will be $85 billion—$10 billion more than previously forecast.
Report: Broadcom Scraps $1 Billion Chip Investment in Spain
07/15/2025 | I-Connect007 Editorial TeamAmerican chipmaker Broadcom has pulled out of plans to invest in a microchip plant in Spain. According to a July 14 Reuters report, Europa Press, quoting anonymous sources, stated the action followed collapsed government talks but gave no further information.
Wolfspeed Stock Soars After Filing for Chapter 11 Bankruptcy
07/01/2025 | I-Connect007 Editorial TeamOn July 1, Wolfspeed shares doubled following the company’s announcement on June 30 that it had filed for Chapter 11 bankruptcy protection.