YMTC-Backed Fund Invests in SOI Micro for Alternative Chipmaking
A stake in SOI Micro, a semiconductor manufacturer located in Guangzhou, has been acquired by a venture capital fund associated with Yangtze Memory Technologies Corp (YMTC). This investment, facilitated by the Changcun Industry Investment Fund based in Wuhan, is intended to foster an alternative chipmaking ecosystem within China. SOI Micro, which was established in 2022 and is headed by Ye Tianchun, focuses on fully depleted silicon-on-insulator (FD-SOI) technology. The change in shareholders, finalized on Thursday, raised SOI Micro's registered capital from 2.39 billion yuan to 2.53 billion yuan (US$375 million), with Changcun becoming a new stakeholder. The details regarding the investment amount and specific ownership percentage remain undisclosed. The Changcun fund was founded in 2023 by YMTC and the Hubei Integrated Circuit Industry Investment Fund.
Key facts
- YMTC-backed Changcun Industry Investment Fund invests in SOI Micro
- SOI Micro develops FD-SOI technology, a low-power chipmaking process
- Company founded in Guangzhou in 2022, led by Ye Tianchun
- Registered capital increased to 2.53 billion yuan (US$375 million)
- Shareholder change completed on Thursday
- Changcun fund established in 2023 by YMTC and Hubei Integrated Circuit Industry Investment Fund
- Investment extends fund's reach into specialized logic manufacturing
- Ye Tianchun previously headed Chinese Academy of Sciences' Institute of Microelectronics
Entities
Artists
- Ye Tianchun
Institutions
- Yangtze Memory Technologies Corp
- SOI Micro
- Changcun Industry Investment Fund
- Hubei Integrated Circuit Industry Investment Fund
- Chinese Academy of Sciences
Locations
- Guangzhou
- China
- Wuhan