China Life Insurance is establishing a 5bn yuan ($737m) fund focused exclusively on semiconductors.
The state-backed insurer will target chip design firms with strong technological advantages and established R&D systems.
Provincial and municipal Governments across China are reportedly establishing parallel semiconductor funds, indicating coordinated national capital mobilisation. The move comes as US export controls restrict China’s access to advanced chips and chipmaking equipment.
China Life has described itself as “a significant force of state-owned capital” and its semiconductor participation as a concrete manifestation of providing long-term patient capital.
