On April 6, the evening announcement of Shangfeng Cement showed that the company invested 150 million yuan to set up a private equity fund, Suzhou Puyun Venture Capital Partnership (Limited Partnership), in a joint venture with professional institutions. This fund is specially used to invest in Shenghe Jingwei Semiconductor (Jiangyin) Co., Ltd. (Hereinafter referred to as "Shenghe Jingwei"). This investment is also another layout of Shangfeng New Economic Equity Investment Wing in the semiconductor field.
Shenghejingwei, formerly known as SMIC Semiconductor Co., Ltd., is headquartered in Jiangyin High-tech Industrial Development Zone, China, with branches in Shanghai and Silicon Valley, USA; It is the earliest enterprise in China dedicated to the manufacturing of 12-inch mid-section silicon wafers. The company's 12-inch high-density Bumping processing, 12-inch wafer level scale packaging (WLCSP) and Testing have reached the world's first-class level, serving leading chip enterprises at home and abroad, and becoming the benchmark of advanced wafer level packaging and testing enterprises. Shenghe Crystal Micro is committed to the development of leading three-dimensional multi-chip integrated packaging technology, providing one-stop production services for multi-chip high-performance integrated packaging based on different platforms such as TSV carrier, fan-out and large-size substrates. To meet the increasingly strong demand for high-performance advanced packaging and testing in smart phones, network communications, high-performance computing, data centers, artificial intelligence, automotive and other market areas.
In recent years, with the strategy of "one main body and two wings", Shangfeng Cement has made steady progress and promoted in an all-round way, among which the new economic equity investment wing focuses on the new energy and semiconductor industry chain. This investment in Shenghe Jingwei is in line with the Company's key investment direction and maintains a strong competitive advantage in its industry. The continuous expansion of the equity investment wing has played a positive role in promoting the optimization of the Company's industrial structure and the upgrading and extension of its main business, and has continued to build an important support for resisting the risk of fluctuations in a single industrial cycle and enhancing its comprehensive competitiveness.
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