China’s ‘Big Fund’ Trims Chip Stakes as Early Investments Mature

China’s state-backed semiconductor investment vehicle has launched a series of divestments from listed chipmakers so far this year, as earlier investment phases enter their exit cycle.

The China Integrated Circuit Industry Investment Fund, also known as the “Big Fund,” will reduce its holdings in Shanghai Anlogic Infotech Co. Ltd. (688107.SH), the affected company said in a stock exchange filing dated Monday.