China’s State-Owned Fund to Invest $414.2 Million in Chipmaker Hua Hong

China’s second-largest chip foundry Hua Hong said on Wednesday that a state-owned fund would invest $414.2 million in the firm. The company said the China IC Fund II fund would participate in the proposed RMB share issue as a strategic investor by subscribing to RMB shares worth 3 billion yuan ($414.15 million), subject to the … Continue reading China’s State-Owned Fund to Invest $414.2 Million in Chipmaker Hua Hong