The era of venture capital invested $150 million to build chip company in mainland China

According to foreign reports, the era of venture capital (Time Innovation Ventures Inc.) chairman Ma Qiyuan said, will spend $150 million to build the Chinese semiconductor companies in the mainland, the main production of compound semiconductor chip, the chip is different from the conventional silicon chip.

Ma Qiyuan held in Shenzhen on Friday, the eighth China Risk Investment Forum "made the above remarks, the era of venture capital has been present in the project investment of $8 million ($62 million 400 thousand) of funds, and ultimately intends to invest $80 million ($624 million), the remaining funds will be raised by other aspects.

According to reports, the core is still in the early stages of the construction of the plant.

Due to the long-term needs of the Chinese mainland chip supply, South Korea Hyundai recently said it is building a production plant in Jiangsu. Analysts believe that, due to the large amount of chip investment, product cycle is short, therefore, the investment risk is relatively large.