这背后，是卢春霖在摩尔线程（SH688795，股价600.50元，市值2823亿元）的融资过程中押下的重 注。 "一下就达成共识了，（团队里）没有一票是否决的。因为之前投过相关领域，看得越来越清楚。而且 寒武纪的成功让我们认清楚了这个方向。"回忆团队投资摩尔线程的决策时，卢春霖说道。按照12月5日 收盘价计算，拓锋在摩尔线程的投资浮盈超过700%。 窗外车水马龙，而卢春霖的脑海里装的是一张价值千亿元的中国半导体版图。如果说寒武纪 （SH688256，股价1355元，市值5714亿元）的成功让卢春霖崭露头角，那么摩尔线程的上市，则让这 家隐匿在福建的投资机构浮出水面。 每经记者｜赵李南 每经编辑｜廖丹 福州闽江畔，卢春霖沏了一壶肉桂，这位福州市拓锋私募基金管理有限公司（以下简称拓锋）的董事长 显得既松弛又敏锐。 作为摩尔线程的重要股东，卢春霖不仅押中了中国GPU（图形处理器）的"独角兽"，更投资了沐曦集成 电路（上海）股份有限公司（以下简称沐曦）、北京清微智能科技有限公司（以下简称清微智能）等多 个半导体王牌。 这是一场关于技术信仰的豪赌，也是中国本土资本的生存进化论。 始于寒武纪：从"财务投资"到"产业资本" ...

Core Insights - The article highlights the significant investment success of Tuofeng Private Equity Fund Management Co., led by Lu Chunlin, particularly in the semiconductor sector, with a focus on companies like Moore Threads and Cambrian [1][5][19] - The investment strategy emphasizes long-term value creation and ecosystem integration rather than short-term financial returns [15][18] Investment Strategy - Tuofeng's investment in Moore Threads has yielded over 700% returns, showcasing the potential of domestic GPU companies in China [1][15] - The firm has established strategic partnerships with institutions like the Chinese Academy of Sciences to access cutting-edge technology and projects [6][8] - Lu Chunlin's approach involves a deep understanding of the semiconductor industry, focusing on various segments from chip design to hardware and AI applications [17][18] Market Context - The article discusses the changing landscape of China's capital market, particularly the shift from traditional financial metrics to a focus on technological innovation and ecosystem collaboration [5][15] - The semiconductor industry is viewed as a critical area for investment, with opportunities arising from the need to build a domestic supply chain and reduce reliance on foreign technology [19] Company Profiles - Moore Threads is highlighted as a key player in the GPU market, with a strong team and innovative technology that positions it well for future growth [10][12] - Other investments by Tuofeng include companies like Mu Xi Integrated Circuit and Qingwei Intelligent Technology, indicating a diversified approach within the semiconductor sector [16][18] Future Outlook - Lu Chunlin believes that the next 5 to 10 years will be a golden period for investment in the semiconductor supply chain, as China aims to establish its own ecosystem [19]