According to the Enterprise Credit Information Publicity System under the State Administration for Market Regulation, Yangtze Memory Technologies Co., Ltd. has undergone a business change, with new shareholders including National Integrated Circuit Industry Investment Fund II, Yangtze River Industry Investment Group Co., Ltd., and Hubei Changsheng Development Co., Ltd. The National Integrated Circuit Industry Investment Fund II subscribed to 12.9 billion yuan (about $1.29 billion) in capital contributions, with the subscription date being January 31, 2023.
Yangtze Memory Technologies has not responded to this news. It is one of the few domestic chip manufacturers in China.
The “National Big Fund” is short for “National Integrated Circuit Industry Investment Fund Co., Ltd.”
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