Recently, the board of directors of Neville Technology reviewed and approved relevant proposals. Neville Technology (or its designated subsidiary) intends to use 0.3 billion yuan as a new limited partner to participate in the investment in Beijing Integrated Circuit Advanced Manufacturing and High-end Equipment Equity Investment Fund Center (Limited Partnership) (hereinafter referred to as "Beijing Integrated Circuit Industry Fund").
In order to further implement the National Strategic Emerging Industry Development Plan and the National Integrated Circuit Industry Development Promotion Outline, cultivate the entire industrial chain of the integrated circuit industry, and accelerate the overall upgrading of the integrated circuit industry, the National Development and Reform Commission, the Ministry of Industry and Information Technology and the Beijing Municipal Government jointly decided to establish the Beijing Integrated Circuit Industry Development Equity Investment Fund, invest in a number of backbone enterprises, major projects and innovative entities or platforms in the integrated circuit industry in Beijing and even the whole country, accelerate resource integration and enterprise merger and reorganization through the capital model, further optimize the industrial development environment, rapidly enhance the comprehensive competitiveness of the industry, and create the northern growth pole of China's integrated circuit industry. The Beijing Municipal Integrated Circuit Industry Development Equity Investment Fund Strategic Steering Committee provides strategic and policy guidance on the operation of the fund.
In order to achieve the above objectives, the Beijing Integrated Circuit Industry Fund was initiated and established with a total fundraising scale of not less than RMB 10 billion.
Neville Technology actively implements the company's development strategy through endogenous growth and external mergers and acquisitions, and actively participates in investment industry funds while focusing on the development of its main business.
Neville Technology acquired Sweden's Silex Microsystems AB, the world's leading MEMS chip manufacturer, in 2016. The process development and wafer manufacturing of MEMS chips have become one of the company's main businesses. The company provides process development and wafer manufacturing services for global MEMS chip design manufacturers, and can manufacture a variety of sensors such as pressure, inertia and infrared, a variety of devices such as micro-mirrors, optical switches, silicon microphones, and a variety of MEMS basic structure modules. The terminal applications cover the fields of communications, biomedicine, industry and science, consumer electronics, etc, customers include global DNA/RNA sequencer giants, global new ultrasound equipment giants, global network communication and application giants, global infrared thermal imaging technology giants, global lithography machine giants, global network search engine giants, global consumer electronics giants, global industrial giants, and leading companies in industrial and consumer segments. The company has introduced the investment of the National Integrated Circuit Industry Investment Fund Co., Ltd., is promoting the construction of 8-inch MEMS international foundry line in Beijing, is expected to have MEMS-scale manufacturing capacity, through a variety of efforts around the industrial chain to strengthen market ties, strengthen industrial status, promote the release of production capacity.
Neville Technology's participation in the investment in Beijing Integrated Circuit Industry Fund is a continuation of the previous cooperation intention between the company and the fund. The purpose is to use the resource advantages of the fund and fund participants to seek synergistic effects. Industrial mergers and acquisitions and investment, through the establishment of strategic partnerships with related companies invested by Beijing Integrated Circuit Industry Fund, accelerate the effective integration of high-quality industrial resources, further enhance the company's process development and wafer manufacturing capabilities, further enhance the company's comprehensive strength, industry status and competitiveness, enhance the company's sustainable profitability, and create more investment returns for shareholders.