According to sources, the above investor consortium is a consortium led by the Hou'an Innovation Fund. The Hou'an Innovation Fund is a fund jointly managed by Arm and the Chinese private equity firm Hopu Fund.
On January 24, 2017, CIC, Silk Road Fund, Singapore Temasek, Shenzhen Shenye Group, Hopu Investment and Arm Co., Ltd. jointly initiated the establishment of the Hou'an Innovation Fund, which is officially launched in Beijing. The fund is worth US$800 million. It is understood that the Hou'an Innovation Fund is managed by the world's leading semiconductor intellectual property provider, Arm, and Hopu Investment and settled in Shenzhen. The fund will combine Arm's global industrial ecosystem and focus on investing in potential technology companies in key areas such as mobile Internet, Internet of Things, and artificial intelligence.
In fact, last year Arm had been seeking a joint venture in China and had consulted with the Arm China team. According to relevant analysts, the other party's attitude was "the hope to form a deeper cooperation model than usual." In addition, it also planned to establish a fund company in China to invest in Chinese companies.
On May 14, 2017, Arm signed a memorandum of cooperation with China's Hou'an Innovation Fund in Beijing and plans to establish a joint venture company in Shenzhen. The company plans to build an integrated circuit core intellectual property (IP) that is important to China and controlled by the Chinese side.DevelopmentAnd service platform.
At the signing ceremony, Hou Fenglei, chairman of Houpu Investment and Hou'an Innovation Fund, said that after the establishment of the fund in January 2017, he had several discussions with Softbank Group and Arm, and reached an agreement in Japan on April 12, 2017. This agreement received great support from the National Development and Reform Commission and the Shenzhen Municipal Government.
The joint venture company or will be named "Arm mini China." It is understood that the Arm China joint venture has just started operations. In addition, there is news that the Arm China joint venture company plans to carry out IPO in China and will soon land on the domestic A share market this year.(Proofreading / Maocao)