Core Insights - The Shenzhen Semiconductor and Integrated Circuit Industry Investment Fund (Saimi Fund) was officially established with an initial scale of 5 billion yuan and a duration of 10 years [1][2] - The fund will focus on three main areas: semiconductor equipment and components, chip design, and advanced packaging, targeting sectors such as general and specialized computing chips, new architecture storage, and optoelectronic sensors [2][3] - The investment strategy emphasizes mergers and acquisitions, breakthroughs in advanced processes, and aims to build a self-controlled integrated circuit industry system through "building, supplementing, and strengthening the chain" [3] Industry Growth - Shenzhen's semiconductor and integrated circuit industry is projected to reach a scale of 256.4 billion yuan by 2024, representing a year-on-year growth of 26.8% [3] - In the first half of this year, the industry maintained rapid growth, achieving a scale of 142.4 billion yuan, with a year-on-year increase of 16.9% [3] - The robust venture capital environment in Shenzhen has significantly supported the development of the semiconductor and integrated circuit industry, with government funding increasing year by year [3][4] Investment Landscape - The establishment of the Saimi Fund is part of a broader initiative where Shenzhen has set up 38 integrated circuit-related funds with a total scale exceeding 100 billion yuan [3] - As of the end of 2024, Shenzhen's venture capital funds have invested in 10,899 high-tech enterprise projects, marking a year-on-year growth of 5.71% [5] - The investment in the semiconductor sector has seen a notable increase, with a growth rate of 13.21% in invested capital over the past three years [5]