DeHeng Advised Jinan City and Foxconn Technology Group Co., Ltd. 

to Jointly Establish Jinan Fujie Industry Fund

2018-9-30

On September 28, 2018, the signing ceremony of the Jinan Fujie Industry Fund Project, which was jointly established by the City of Jinan and Foxconn Technology Group Co., Ltd., was officially held at the Shandong Building.

Scaled with a value of 3.75 billion Chinese Yuan, Jinan Fujie Industry Fund serves the development of the integrated circuit industry in Jinan, and its primary investments lie in the Foxconn Group's existing semiconductor industry projects. Pursuant to the contracts signed, Foxconn Group will promote the establishment of a high-power chip company and five integrated circuit design companies in Jinan.

The chip industry is technology-intensive, capital-intensive, knowledge-intensive, and creativity-intensive, and the industry crucially supports the "100 billion yuan industrial cluster" of big data and new-generation information technology in Jinan during this transitional period between new and old driving forces. The implementation of the Jinan Fujie Industry Fund Project will facilitate a host of integrated circuit enterprises, improving the visibility and concentration of the regional integrated circuit industry, forming industrial agglomeration and synergy, and optimizing the industrial chain, thereby laying the foundation to create the "Jinan sector" of the Chinese integrated circuit layout.

DeHeng project team from the Beijing office provided professional, high-quality, and efficient services as the legal counsel for this project. The team was led by partners Mou Hongbao and Huang Huazhen, and was supported by associates Wang Miao, Wang Ziheng, and Cheng Bin.