China's national integrated circuit (IC) industrial fund is expected to accelerate investment in the second half of 2015 and home-made chips sector may be one of the hottest fields to attract investment, said Huatai Securities.
The fund, which was set up by the Ministry of Industry and Information Technology (MIIT) in 2014 as an effort to boost the development of the domestic IC industry, has so far financed some 500 billion yuan, the broker estimated at a meeting on Tuesday. Industry insider revealed that the fund's investment quota for 2015 is about 20 billion yuan, of which three billion yuan has already been disbursed.
The broker deemed that A shares, such as Shanghai Sinyang Semiconductor Materials Co., Ltd. (300236.SZ), Shenzhen Fastprint Circuit Tech Co., Ltd. (002436.SZ), Jiangsu Changjiang Electronics Technology Co., Ltd. (600584.SH), Tongfang Guoxin Electronics Co., Ltd. (002049.SZ), Sanan Optoelectronics Co., Ltd. (600703.SH) and Yangzhou Yangjie Electronic Technology Co., Ltd. (300373.SH), are expected to be benefited from the pending investment.
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