China IC Fund raises second tranche of capital for $29b fund: Report

China IC Fund raises second tranche of capital for $29b fund: Report

Photo: Bloomberg.

State-owned China Integrated Circuit Industry Investment Fund (China IC Fund), also known as the country’s “Big Fund”, has successfully raised capital for the second tranche of its 200 billion yuan ($29.08 billion) fundraising, according to a report by the South China Morning Post.