# SMIC Wafer Equity Investment (Shanghai)

SMIC Wafer Equity Investment (Shanghai) is an Asset Manager based in Shanghai, China.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Room 1106, Building 1, No. 1158 Zhangdong Road, China (Shanghai) Pilot Free Trade Zone
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

SMIC Wafer Equity Investment (Shanghai) is a Shanghai-based investment company focused on Asia. It has invested in six funds.

## Sectors

- Semiconductors
- Industrial Tech

## People

- Guo Guangli — Legal Representative
- Gao Yonggang — Former Chairman

## Questions

### What is the relationship between SMIC Wafer Equity Investment and the China Integrated Circuit Industry Investment Fund?

The two entities appear as frequent co-investors across multiple semiconductor projects and funds. The China Integrated Circuit Industry Investment Fund, known as the Big Fund, is the state-backed vehicle charged with building a self-sufficient Chinese chip industry; SMIC Wafer Equity provides the captive corporate capital that often co-invests on the same terms, aligning state industrial policy with the parent foundry's commercial supply-chain needs.

### What stages does the firm target in semiconductor investing?

The strategy spans early-stage seed investments through late-stage expansion, covering the full lifecycle from materials research and startup prototyping to scaled fabrication-capacity deals. This broad mandate reflects the Chinese semiconductor sector's need to develop capabilities at every point in the value chain simultaneously.

### Does SMIC Wafer Equity Investment accept outside limited partners?

Through its 'Entrusted Management Assets' classification in Shanghai, the firm can manage third-party capital, but the identity of external investors has not been publicly disclosed. Its primary capital source remains SMIC's corporate treasury, with co-investment partnerships structured on a deal-by-deal or fund-by-fund basis rather than through a single commingled vehicle.

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- [Fuxin Investment](https://altss.com/profile/fuxin-investment)
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Last updated: 2026-06-03T20:00:00.000Z

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