"Science and Technology Innovation Board**" on December 8 (reporter Xu Cihao).The well-known chip start-up Hefei Furui Microelectronics *** hereinafter referred to as "Furui Micro") related dissolution crisis is still fermenting.
It is worth noting that in March this year, Furui Micro completed the investment jointly led by Hefei Industrial Investment and Hefei High-tech Investment, and VeriSilicon, a listed company on the Science and Technology Innovation Board, followed by hundreds of millions of yuan in the Pre-A round of strategic financing.
As of December 8, VeriSilicon's market value was 27.3 billion yuan.
According to the press release at that time, Dai Weimin, founder, chairman and president of VeriSilicon, said that Furui Micro, as a chip company for automotive intelligent cockpit and autonomous driving, will play an important role in the innovation and implementation of smart mobility in China, and is our strategic partner. Through this investment, VeriSilicon will combine its leading and complete core IP, design service capabilities, global vision of the automotive industry, and influence on the industrial chain, and have in-depth strategic cooperation with Furui Micro to accelerate the industrialization process of Furui.
On October 7, the reporter of "Science and Technology Innovation Board**" called VeriSilicon as an investor, and the operator said that the company has recently paid attention to some news about Furui Micro on the Internet, but it cannot disclose more information, and if there is clear news, you can pay attention to the company's announcement.
According to VeriSilicon's disclosure in the first half of 2023, the company actively promotes the construction of industrial ecology and strategically deploys enterprises that are in line with the company's strategy and have a business assistance effectThrough its own funds, it increased its capital by 10 million yuan, and the shareholding ratio was 089%。
The reporter found that in addition to VeriSilicon, semiconductor technology companies such as China Micro Corporation and Montage Technology are also relying on capital strength to make equity investments in the upstream and downstream of the industrial chain after completing their listings, and this context has become clearer and clearer.
Taking VeriSilicon as an example, since its listing on the Science and Technology Innovation Board in 2020, it has increased its foreign equity investment.
According to the 2021 financial report, during the reporting period, a total of 6 chip companies such as Zhicheng Micro Technology (Zhejiang) ** Jingwei Qili (Beijing) Technology *** and Wuhan Huanyu Zhixing Technology *** and other controller-related companies were completed, and the amount of external equity investment through its own funds reached 124.6 billion yuan.
In 2022, VeriSilicon completed the acquisition of Pengkan Technology, Nanjing Maisike Microelectronics and Capsovision Inc, with a total of 4,189Equity investment of 450,000 yuan.
This year, in addition to the investment in Hefei Furui Micro in the chip field, it also invested in the metaverse ** business maintenance and time and space.
Bu Rixin, a consultant of Tianjin Integrated Circuit Industry Association, told the reporter of "Science and Technology Innovation Board" that after the listing of companies in the semiconductor industry, relying on the power of the capital market, it is very logical to carry out equity investment layout. The models of their foreign investment are also different, including business expansion models and upstream and downstream collaboration models of the industrial chain, all of which are generally aimed at stabilizing their respective industrial ecosystems.
Increase investment in the primary market, which is also reflected in the semiconductor companies on the Science and Technology Innovation Board, China Micro Corporation, and Montage Technology.
After AMEC was listed on the Science and Technology Innovation Board in 2019, it also made a large amount of foreign investment.
According to the data disclosed in the 2020 financial report of China Micro Corporation, the amount of foreign equity investment investment that year was as high as 79.2 billion yuan, with an added value of 911 compared with the same period last year93%；According to the financial report data of China Micro Corporation in 2021, the amount of foreign investment is 3100 million yuan;In 2022, this figure is 48.3 billion yuan;The latest 2023 semi-annual report shows that a total of 8,090 foreign equity investments were made during the reporting period120,000 yuan.
Montage Technology, also a semiconductor company listed on the Science and Technology Innovation Board in 2019, disclosed in its 2020 financial report that in June of that year, Montage Investment, a wholly-owned subsidiary of the company, as a limited partner, subscribed for the first share of Qingdao Juyuan Xinxing Equity Investment Partnership (Limited Partnership) with its own funds of RMB 200 million, and the total foreign investment that year reached 37.2 billion yuan;The 2021 financial report disclosed that the company has completed a number of equity and ** investments, with a total investment of 48.4 billion yuan;In 2022, the foreign equity investment will be 24.2 billion yuan;According to the recent 2023 semi-annual report, Montage Technology's external equity investment is 19.1 billion yuan.
In the future, with the development and growth of the invested companies, they can also be used as the target of mergers and acquisitions of listed companies to help listed companies grow into comprehensive semiconductor leading enterprises. ”Bu Rixin said to the reporter of "Science and Technology Innovation Board".
However, Bu Rixin believes that on the one hand, listed companies, as industrial investors, should take business synergy as the core, rather than simply being limited to financial investment, but they cannot only bind the upstream and downstream, which is easy to cause obstacles to the business expansion of the invested enterprises. On the other hand, don't blindly pursue speed and scale, investing for the sake of hot speculation, especially the investment model that goes against the logic of the industry, is more likely to cause the bubble to burst.
Science and Technology Innovation Board **Reporter Xu Cihao).