Technology Jul 11, 2020 10:32 PM (GMT+8) · EqualOcean
The China National Integrated Circuit Industry Investment Fund (CICIIF or 'Big Fund') has reduced its ownership in GigaDevice Semiconductor (603986:SH), a Shanghai-based NOR flash memory producer. The Fund has sold 2.36 million shares, receiving CNY 630 million in this transaction. As the country's semiconductor industry is maturing, the state-backed investment entities free their capital for new ventures.
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