Core Viewpoint - The establishment of the "Saimi Fund" with a scale of 5 billion yuan aims to enhance the semiconductor and integrated circuit industry in Shenzhen, focusing on key areas and weak links in the industry chain [1][4]. Group 1: Fund Overview - The Saimi Fund will primarily invest in critical areas such as general and specialized computing power, new architecture storage, optoelectronics, sensors, and essential manufacturing equipment, components, materials, and advanced packaging and testing [5][6]. - The fund is part of Shenzhen's "20+8" industrial fund initiative, which aims to foster high-quality development in the semiconductor and integrated circuit sectors [5]. Group 2: Investment Strategy - The fund emphasizes early, small, and long-term investments in hard technology, with a commitment to building a self-controlled, efficient, and balanced integrated circuit supply system [4][5]. - The management of the Saimi Fund is undertaken by wholly-owned subsidiaries of Shenzhen Capital Group, focusing on early-stage and growth-stage investments [6]. Group 3: Market Environment - Shenzhen's capital market, supported by the Shenzhen Stock Exchange and Hong Kong Stock Exchange, provides a broad platform for high-growth technology innovation companies [7]. - There are currently 49 semiconductor listed companies in Shenzhen, with a total market value exceeding 1.5 trillion yuan, covering various sectors including materials, equipment, packaging, and chip design [7].

Core Insights - The second Bay Area Semiconductor Investment and Financing Strategic Development Forum was held on October 16, featuring the unveiling of the Shenzhen Semiconductor and Integrated Circuit Industry Investment Fund (referred to as "Simi Fund") with an initial scale of 5 billion yuan [1][3] Group 1: Fund Focus and Objectives - The Simi Fund will primarily invest in areas such as general and specialized computing power, new architecture storage, optoelectronics, sensors, key manufacturing equipment, components, materials, and advanced packaging and testing [3] - The fund is part of Shenzhen's "20+8" industrial fund initiative and aims to act as a catalyst for innovation and the development of a more comprehensive industrial system in the semiconductor and integrated circuit sector [3] Group 2: Management and Strategy - The fund is managed by wholly-owned subsidiaries of Shenzhen Capital Group and Shenzhen Investment Group, with a fund duration of 10 years, focusing on early-stage and growth-stage investments [3] - The Deputy General Manager of Shenzhen Capital Group emphasized the fund's role in building a comprehensive and strategic emerging industry development framework in Shenzhen, promoting long-term value investment, and integrating a vast enterprise ecosystem to foster technological and industrial innovation [3]

Core Viewpoint - The Shenzhen Semiconductor and Integrated Circuit Industry Investment Fund (Sami Industry Fund) was officially launched at the 2025 "Bay Chip Exhibition" during the semiconductor investment and financing strategic development forum, with an initial scale of 5 billion yuan [1] Group 1 - The fund will focus on investments in general and specialized computing power, new architecture storage, optoelectronics, sensors, and key manufacturing equipment, components, materials, and advanced packaging and testing [1]