North Huachuang cooperates with several companies to establish a 3 billion semiconductor industry investment fund

North Huachuang announced that it plans to use its wholly-owned subsidiary Huachuang Venture Capital as an investment platform, jointly with China Electric Power Investment, Beijing State-owned Assets Supervision and Administration Commission and other partners to establish the Beijing Integrated Circuit Equipment Industry Investment and Merger Fund II (Limited Partnership), with an estimated total fundraising scale of RMB 3 billion.