On December 2, Xinlian Integrated (stock code: 688469.SH) teamed up with several state-owned enterprises to launch the Xinlian Shaoxing Integrated Circuit Industry Fund. This fund boasts a substantial scale of 500 million yuan and is managed by Xinlian Capital. On the very same day, the fund inked agreements for two significant semiconductor initiatives with Weike Precision and FRD. One project centers on semiconductor precision components and automated production, while the other focuses on the research and manufacturing of power module materials. These moves are set to propel forward the strategy of 'boosting production and strengthening the industrial chain through investment'.
