大基金年内减持8只芯片股 一期占7家、投资回收加速

Core Viewpoint - The National Integrated Circuit Industry Investment Fund (referred to as "Big Fund") has accelerated its investment recovery pace since August, with plans to reduce holdings in multiple semiconductor companies, indicating a strategic shift towards mature sectors and core areas of the semiconductor industry [1][4]. Group 1: Investment Reduction Plans - Big Fund has announced reduction plans for three semiconductor companies: Baiwei Storage, Anlu Technology, and Debang Technology, with specific details on the number of shares and estimated amounts involved [2][3]. - Baiwei Storage, with Big Fund as its second-largest shareholder, plans to reduce up to 922.53 million shares, amounting to approximately 6.15 billion yuan based on the closing price [2]. - Anlu Technology is undergoing a second round of reductions by Big Fund, with a potential reduction of 400.85 million shares, estimated at 1.21 billion yuan [2][3]. Group 2: Historical Context and Current Trends - Big Fund I, established in 2014, has focused on the semiconductor industry, entering its fifth year of investment recovery, while Big Fund II and III were established in 2019 and 2024, respectively [4]. - The investment recovery pace has increased this year, with several semiconductor companies, including Shengke Communication and Tongfu Microelectronics, announcing reduction plans, indicating a trend of accelerated exits from earlier investments [4][6]. - The total estimated reduction amounts for various companies include over 8 billion yuan for Shengke Communication and over 7 billion yuan for Tongfu Microelectronics, with ongoing and upcoming reductions [4][5]. Group 3: Specific Company Actions - Yandong Microelectronics reported a reduction of 116.5 million shares by Big Fund, decreasing its holding from 7.07% to 6.99%, with an estimated reduction amount of approximately 23.29 million yuan [5]. - Shengke Communication is set to have a reduction of 12.3 million shares, estimated at around 8.52 billion yuan, starting on August 18 [5]. - Debang Technology has also seen significant reductions, with Big Fund planning to reduce up to 426.72 million shares, expected to yield around 1.78 billion yuan [3][6].