The China Integrated Circuit Industry Investment Fund – also known as the Big Fund – has invested 14.56bn yuan ($1.99bn) in Changxin Xinqiao. 

The investment amounted to 33.15 per cent of the total registered capital of the memory chip company, according to an update dated October 26 to the company’s registration information on the National Enterprise Credit Information Publicity System (NECIPS).

Changxin Xinqiao has applied to build a manufacturing base of 12-inch memory wafer, according to the official NECIPS database. If it goes ahead with the project, the company could become the first in China to design and mass produce integrated dynamic random access memory (DRAM) chips design.

The firm was founded in 2021 in Hefei in Anhui province and is led by Zhao Lun, general manager of ChangXin Memory Technologies, one of China's leading memory chip companies. 

Investments made through the Big Fund have provided financing to China’s two biggest chip foundries...