Recently, the full page of "New Platform, New Space, New Model, New Highland - Chronicle of the High-quality Development of Hengqin Guangdong-Macao Deep Cooperation Zone" was published in the People's Daily, and the report was also reproduced by the National Development and Reform Commission. Among them, Lingyange and Gallium Future, as star enterprises in the integrated circuit industry in Hengqin, were displayed or interviewed in the report, playing an important role in promoting the construction of Hengqin and the moderate diversification of the Macau economy. Under the correct leadership of the CPC Zhuhai Municipal Committee and the Zhuhai Municipal Government, the Zhuhai Development and Reform Bureau has guided the Zhuhai Fund to strongly support the development of scientific research and high-end manufacturing industries in Hengqin, promoting the registration of nearly 30 sub-funds in the Deep Cooperation Zone, and directly investing in 27 projects through sub-funds. The amount of equity investment has reached approximately 3.3 billion yuan, helping the high-quality development of the cooperation zone and providing strong support for the construction of the Guangdong-Hong Kong-Macao Greater Bay Area's Macau - Zhuhai extreme point.
- Leverage the leading role of the parent fund to inject impetus into Hengqin through a fund cluster
Both the first and second phases of the Zhuhai Fund have been registered in Hengqin with a registered scale of up to 15 billion yuan. Under the strong leverage effect of the large parent fund, a significant suction effect has been achieved, effectively promoting the gathering of innovative factors such as industry, technology, capital, talent, management, and market in the Deep Cooperation Zone. Under the guidance of the Zhuhai Fund, nearly 30 sub-funds or projects have been registered in Hengqin, including funds under the management of leading institutions such as Wugufund, Chenqide Fund, and Honghui Fund. This has promoted the formation of a sub-fund cluster with a total scale exceeding 40 billion yuan in Hengqin. The Zhuhai Fund has subscribed approximately 10.6 billion yuan, leveraging approximately 30 billion yuan in social capital, with a leverage magnification ratio exceeding 3 times. This has effectively aggregated social resources and increased effective investment in high-end manufacturing development in Hengqin, achieving good economic and social benefits.
- Relying on professional institutions and resource advantages to support the vigorous development of high-end manufacturing in Hengqin
Currently, the Zhuhai Fund has supported 27 Hengqin-based enterprises, covering integrated circuits, high-end manufacturing, medical health and other fields. Approximately 3.3 billion yuan has been implemented, with a planned implementation amount of nearly 10 billion yuan. This has made a positive contribution to the development of high-end manufacturing in Hengqin.
On one hand, the Zhuhai Fund fully leverages the professional and resource advantages of sub-fund managers to screen high-tech growth enterprises, follow them long-term and定向in a targeted manner, invest in and cultivate enterprises to support their growth and expansion. Currently, through equity investment, the Zhuhai Fund has supported 13 local projects through joint sub-funds and related entities, with an equity investment amount exceeding 900 million yuan, including Gallium Furture 、Vimicro 、AMICRO、Crystal Resonance Technologies 、Medpha 、Hanglok-Tech and other projects. This has effectively improved the quality of urban industrial development.
On the other hand, the Zhuhai Fund brings together local institutional team strength and resource advantages to fully utilize the industrial resources of cooperating sub-fund managers to promote project introduction in the Deep Cooperation Zone. Currently, 14 projects have been introduced and implemented in Hengqin with an equity investment amount of approximately 2.4 billion yuan, including WISEWAVE、Lingyange、Xinjixun 、iCarbonX、Guigu Shumo and other key projects.
- Adhering to investing in hard technology to promote the clustered development of scientific research and key industries in Hengqin.
The Zhuhai Fund adheres to investing in hard technology enterprises covering integrated circuits, high-end manufacturing, medical health and other fields to promote clustered development of scientific research and key industries in Hengqin and support moderate diversification of澳门economy. Lingyange and Gallium Future and WISEWAVE are typical cases invested by the Zhuhai Fund in the field of integrated circuits.
Lingyange Semiconductor Inc. is one of the three chip design companies established by Foxconn S Sub-Group in Hengqin. Zhuhai Fund Sub-Fund Huajinfengying No. 1 Fund has invested over 60 million yuan in Lingyange to support the introduction and development of the company. In February 2023, Lingyange and Zhuhai Macau University Technology Research Institute jointly established a laboratory to continue to empower biomedical engineering applications and smart city platform construction, and promote the sustainable development of digital health and smart city industries in the Guangdong-Hong Kong-Macao Greater Bay Area.
Gallium is a third-generation semiconductor chip material enterprise dedicated to the research and development and production of high-performance cascade structure gallium nitride products. It has deep industry accumulation and unique technological advantages in the high-power high-voltage device market. Zhuhai Fund Sub-fund Huajin Lingyue Fund and Angel Fund have invested over 20 million yuan to support the introduction and landing of the enterprise. The introduction of this enterprise is of great significance in promoting the gathering of high-end talents and cutting-edge technology enterprises in the field of high-end power chip in Hengqin.
In addition, the Core Trend is a major investment project promoted by Zhuhai Fund and Huajin Capital to bring an internationally leading integrated circuit design IP enterprise to Hengqin, and it is also one of the first key industrial projects in the Hengqin-Macao Deep Cooperation Zone. The total investment of the project is about 3 billion yuan, and it will establish a network chip design cluster by introducing the world's top communication technology. The introduction of this project will contribute to the further expansion of the integrated circuit industry in Hengqin.
Next, Zhuhai Fund will unswervingly implement the strategy of "making manufacturing industry the leading industry and industry first", enhance the effectiveness of investment attraction, establish demonstration effect, vigorously support the development of high-end manufacturing industry in Hengqin-Shenzhen High-Tech Industrial Development Zone, assist Macao's industry to diversify moderately, and make greater contributions to accelerating the construction of the Bay Area's Macao-Zhuhai .
Photos and text from: Zhuhai Development and Reform Commission