Jiangsu Yoke Technology

Shen Qi serves as Chairman and General Manager, exercising day-to-day control. His father, Shen Xiqiang, co-founded the company in 1997 and remains Vice Chairman. A third family member, Shen Fu, holds the Deputy General Manager and Director roles, overseeing operational execution. The Shen family controls the company through their positions on the board and in the C-suite, with Shen Qi as the primary decision-maker.

The China Integrated Circuit Industry Investment Fund — commonly called the Big Fund — is a major institutional investor and strategic partner in Yoke's semiconductor acquisitions. The Fund backed Yoke's purchase of UP Chemical, a South Korean producer of high-purity chemicals used in DRAM and NAND manufacturing. This relationship signals Beijing's recognition of Yoke as a critical supplier in the domestic semiconductor supply chain.

Yoke operates as a strategic corporate acquirer rather than a conventional venture investor. Its model involves acquiring controlling stakes in specialty chemical and semiconductor-materials companies — particularly overseas targets that serve as technology-transfer vehicles for China's chipmaking ambitions. The firm has not disclosed a venture portfolio or third-party fund commitment program.

Yoke produces two broad categories of specialty chemicals: advanced electronic materials for semiconductor fabrication — including precursors and high-purity chemicals used in chip production — and polyurethane flame retardants. The semiconductor segment has become the firm's strategic priority, with products sold to major memory manufacturers in Asia.

Yoke is listed on the Shenzhen Stock Exchange, making it subject to public-market disclosure requirements. The Shen family maintains control through concentrated board seats and executive roles, operating the company as a hybrid: a public company with family governance and a state-directed strategic mandate via the Big Fund's influence. This allows the firm to access public capital markets while preserving family control over long-term strategy.

Yoke maintains manufacturing sites across three locations in Jiangsu Province, China: Yixing, Xuanshui, and Binhai. Internationally, its Shekoy Chemicals subsidiary operates offices in Amstelveen, Netherlands and Atlanta, Georgia, supporting distribution and commercial relationships in Europe and North America. The firm's most significant overseas asset is its South Korean semiconductor-materials operation acquired through UP Chemical.

Yoke's semiconductor-materials business operates within a sector increasingly affected by US and allied export controls on advanced chipmaking technology. As a designated supplier in China's domestic semiconductor supply chain, the firm benefits from state procurement preferences but may face restrictions on technology transfer from Western equipment and materials suppliers. The Big Fund's involvement and Yoke's membership in SEMI reflect its positioning within a politically sensitive industrial ecosystem.