Hua Hong Grace's Wuxi Phase III chip unit raises capital to $4.17bn, Big Fund III joins
In short
Wuxi Hua Hong Grace Phase III Semiconductor Co. (无锡华虹宏力三期半导体有限公司), a unit of chipmaker Hua Hong Grace (华虹宏力), has raised its registered capital from $6.68 million to $4.17 billion, business registry data from Tianyancha (天眼查) show. Four new shareholders joined, including a fund under the third phase of China's national "Big Fund" (国家大基金三期), taking stakes of 25%, 20%, 15% and 14%.
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Wuxi Hua Hong Grace Phase III Semiconductor Co. (无锡华虹宏力三期半导体有限公司), a unit of chipmaker Hua Hong Grace (华虹宏力), has raised its registered capital from $6.68 million to $4.17 billion, an increase of about 62,325%, according to business registry data from the Tianyancha (天眼查) app cited by CLS, Yicai and 36Kr. The outlets said the business registration change took place recently. CLS described the capital increase in its headline as about $4.16 billion. [ 1 , 2 , 3 ]
Four new shareholders were added in the change. Hua Hong Grace Semiconductor Co. (华虹宏力半导体有限公司) holds 25%, Wuxi Xihong Guoxin Phase II Investment Co. (无锡锡虹国芯二期投资有限公司) 20%, Huaxin Dingxin (Beijing) Equity Investment Fund (华芯鼎新（北京）股权投资基金（有限合伙）), a fund under the third phase of the national Big Fund (国家大基金三期), 15%, and Guokai New Policy Financial Instrument Co. (国开新型政策性金融工具有限公司) 14%. [ 1 , 2 , 3 ]
According to CLS and Yicai, the company is now jointly held by Shanghai Hua Hong Grace Semiconductor Manufacturing Co. (上海华虹宏力半导体制造有限公司), a Hua Hong Grace unit, and the four new shareholders. The reports did not give the stake held by the Shanghai company after the change. [ 1 , 2 ]
The Wuxi company was set up in October 2025, and its legal representative is Bai Peng (白鹏). Its business scope includes integrated circuit manufacturing, integrated circuit chip and product manufacturing, integrated circuit sales, integrated circuit chip and product sales, and integrated circuit design, CLS and Yicai reported. [ 1 , 2 ]
Why it matters
The registration change brings a fund under the third phase of the national Big Fund and a policy-based financial instrument company into a Hua Hong Grace chip manufacturing unit. Business and tech outlets reported it as a capital increase of more than $4 billion for the Wuxi company, whose business scope covers integrated circuit manufacturing, sales and design.
Key facts
- Wuxi Hua Hong Grace Phase III Semiconductor Co. recently registered a business change, according to Tianyancha data. [ 1 , 2 , 3 ]
- Its registered capital rose from $6.68 million to $4.17 billion, an increase of about 62,325%. [ 1 , 2 , 3 ]
- New shareholders are Hua Hong Grace Semiconductor Co. (华虹宏力半导体有限公司) with 25%, Wuxi Xihong Guoxin Phase II Investment Co. (无锡锡虹国芯二期投资有限公司) with 20%, Huaxin Dingxin (Beijing) Equity Investment Fund (华芯鼎新（北京）股权投资基金（有限合伙）) with 15%, and Guokai New Policy Financial Instrument Co. (国开新型政策性金融工具有限公司) with 14%. [ 1 , 2 , 3 ]
- Huaxin Dingxin (Beijing) Equity Investment Fund is a fund under the third phase of the national Big Fund. [ 1 , 2 , 3 ]
- The company was set up in October 2025 and its legal representative is Bai Peng (白鹏). [ 1 , 2 ]
- Its business scope includes integrated circuit manufacturing, integrated circuit chip and product manufacturing and sales, and integrated circuit design. [ 1 , 2 ]
- The company is now jointly held by Shanghai Hua Hong Grace Semiconductor Manufacturing Co. (上海华虹宏力半导体制造有限公司), a Hua Hong Grace unit, and the four new shareholders. [ 1 , 2 ]
Confirmed by several sources
- Nothing is confirmed by two independent outlets yet.
Still unclear
- The exact date of the registration change. The reports say only that it happened recently.
- The stake now held by Shanghai Hua Hong Grace Semiconductor Manufacturing Co. The reports name it as a co-holder but do not give its percentage.
- What the new capital will be used for. The reports cite registry data only and include no statement from the company or the investors.
- Wuxi Hua Hong Grace Phase III Semiconductor Co.'s registered capital rose from $6.68 million to $4.17 billion. Reported by a single source so far
- Hua Hong Grace Semiconductor Co., Wuxi Xihong Guoxin Phase II Investment Co., Big Fund III's Huaxin Dingxin (Beijing) Equity Investment Fund and Guokai New Policy Financial Instrument Co. became shareholders with 25%, 20%, 15% and 14%. Reported by a single source so far
- The company was set up in October 2025 and its legal representative is Bai Peng. Reported by a single source so far
- The company is now jointly held by Shanghai Hua Hong Grace Semiconductor Manufacturing Co. and the four new shareholders. Reported by a single source so far