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Konka Group sets up a 2 billion yuan fund to focus on chip semiconductors

Posted by: Yoyokuo 2022-07-21 Comments Off on Konka Group sets up a 2 billion yuan fund to focus on chip semiconductors

On December 18, Konka Group held the “Konka semiconductor Display Technology and Product Conference”. At the meeting, Konka and Chongqing Liangshan Industrial Investment Co., Ltd. focused on new semiconductor materials, semiconductor equipment, chips, IC design, packaging and testing industries. The investment co-sponsored the establishment of a 2 billion fund.

Konka said that it will invest a total of 500 million yuan, 1 billion yuan and 500 million yuan with other industrial partners, respectively, to implement the smart network connection industrial base project, the supporting production project of smart wearable products and the smart commercial display project.

Chip semiconductors are Konka’s key areas of deployment in recent years. In 2018, Konka established the Semiconductor Technology Division, and began to transform into the development direction of the semiconductor industry, and has a layout in the fields of storage, optoelectronics, semiconductor applications and services. The main development line is “semiconductor + new consumer electronics + technology park”.

This time, the semiconductor fund will be set up together with Chongqing enterprises and will focus on related industries in Bishan District, Chongqing City, because Konka’s semiconductor industry is mainly established in this area.

In August 2020, the Chongqing Konka Optoelectronics Technology Research Institute project was officially put into operation in Bishan District. In October, the Micro LED light-emitting chip developed by the researcher was lit in the laboratory and began to enter the stage of small batch trial production.

On November 11, Shenzhen Konka A announced that in order to accelerate the layout of strategic emerging industries such as semiconductors, the company and the Nanchang Economic and Technological Development Zone Management Committee recently signed a “cooperation framework agreement” to jointly build Jiangxi Konka Semiconductor High-tech Industrial Park. And jointly set up a supporting equity investment fund, the size of the fund plan is capped at 2 billion yuan.

Konka (English name: KONKA) is the Konka Group, the full name of which is Konka Group Co., Ltd. It was established on May 21, 1980. It is a company mainly engaged in industrial product business, technology park business, platform service business, and investment and financial business. . Its predecessor is “Guangdong Guangming Overseas Chinese Electronic Industry Company”, which is the first Sino-foreign joint venture electronic enterprise born after China’s reform and opening up.

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