Records indicate that China’s state-supported chip investment fund has injected 14.56 billion yuan, equivalent to $1.99 billion, into a memory chip company known as Changxin Xinqiao. In this transaction, the China Integrated Circuit Industry Investment Fund, often referred to as the “Big Fund,” has become a major contributor, accounting for 33.15% of the company’s total registered capital. This information was updated on October 26 in the company’s registration details on the National Enterprise Credit Information Publicity System.

Based on information from the company registration website Qichacha, Changxin Xinqiao was established in 2021, situated in Hefei city within the eastern Anhui province.

Zhao Lun, who serves as the general manager, also holds the positions of chairman and general manager at Changxin Memory Technology, a prominent memory chip company in China.

Changxin Xinqiao and the China Integrated Circuit Industry Investment Fund (the “Big Fund”) have not provided an immediate response to Reuters’ requests for comments.

The most recent investment by the Big Fund follows its injection of 13 billion yuan into Yangtze Memory Technologies (YMTC) earlier this year, representing one of its substantial investments in recent times.

YMTC, the sole Chinese participant in the worldwide NAND memory market, has been actively bolstering its production capabilities and research and development efforts, with the support of state financial incentives. In 2022, YMTC was sanctioned by the United States due to concerns that it might channel U.S. technology to Huawei Technologies Co Ltd.

Changxin Xinqiao’s fundraising from the China Integrated Circuit Industry Investment Fund (“Big Fund”) is part of a more extensive expansion of registered capital. This expansion...

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Machinegun91:
Everything about China is fake

I banged one Chinese middle aged woman in 2017 with a Chinese condom

The condom burst immediately I initiated the banging race.

Till today I don't know if the Chinese condom or the Chinese woman pussy was fake.

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