Guangzhou Industrial Investment's 200 billion yuan parent fund established, TREX Semiconductor invited to attend the signing ceremony!
2023-02-22
On February 18, the founding conference of the Guangzhou Industrial Investment Fund of Funds, Guangzhou Innovation Investment Fund of Funds, and Guangzhou Industrial Development Research Institute, hosted by Guangzhou Industrial Investment Group and guided by the Guangzhou Municipal Government, was grandly held.
Conference site
Lin Keqing, Secretary of the Guangzhou Municipal Party Committee, and Wang Xi, Vice Governor of Guangdong Province, attended. Guangzhou Mayor Guo Yonghang delivered a speech, and Vice Mayor Jiang Zhitao presided. Deputy Secretary-General of the Provincial Government Xu Dianhui, Deputy Director of the Provincial Science and Technology Department Wu Shiwen, Deputy Director of the Provincial Securities Regulatory Bureau Lai Zhaohui, and city leaders Lu Yixian, Bian Liming, Chen Yong, Chen Jie, Lai Zhihong, Wang Guilin, and others participated in the event.
Speech by Guangzhou Mayor Guo Yonghang
The Guangzhou 200 billion Fund of Funds is divided into the Guangzhou Industrial Investment Fund of Funds and the Guangzhou Innovation Investment Fund of Funds. The Guangzhou Industrial Investment Fund of Funds has a total scale of 150 billion yuan, focusing on key industrial sectors such as semiconductors and integrated circuits, new energy, biomedicine and health, advanced manufacturing, new generation information technology, and new consumption. Its goal is to introduce a batch of major industrial projects to Guangzhou and build an industrial fund cluster exceeding 600 billion yuan. The Guangzhou Innovation Investment Fund of Funds has a total scale of 50 billion yuan, focusing on early-stage entities and future industrial projects in high-precision and frontier hard technology fields, aiming to build a venture capital fund cluster exceeding 200 billion yuan.
Speech by Gao Dongwang, Party Secretary and Chairman of Guangzhou Industrial Investment Group
At the conference, TREX Semiconductor signed a cooperation agreement with Guangzhou Industrial Investment Group.
TREX Semiconductor (third from right) signing a cooperation agreement with Guangzhou Industrial Investment Group
TREX Semiconductor's national headquarters is located in Huangpu District, Guangzhou. It serves as a chip design and R&D center, intelligent module factory, and intelligent power module production base. The project covers an area of about 20,000 square meters, with a building area of about 80,000 square meters, and a total investment of 1 billion yuan.
The signing between TREX Semiconductor and Guangzhou Industrial Investment Group represents a close integration between real enterprises and investment institutions. TREX Semiconductor will leverage the strength of professional investment institutions to further integrate semiconductor enterprises with capital, achieve industrial empowerment, accelerate semiconductor chip design and innovation, base itself in the Bay Area, and face the world, making outstanding contributions to building a high-quality modern industrial system in Guangzhou and creating a world-class competitive strategic emerging industry cluster.
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