State Funds Boost Stake in Hua Hong for Chip Push

Chinese state funds led by Shanghai Guosheng Group injected 6.2 billion yuan into Hua Hong Group, raising its registered capital to 19.7 billion yuan. Guosheng's stake in the chipmaker will jump to 41.7 percent from 15.3 percent, fueling Beijing's drive for self-reliance in mature-node chips amid tightening U.S. technology restrictions. 国家基金向华虹集团注资62亿元推动成熟芯片发展 上海国盛集团领投62亿元人民币，注入华虹集团，使其注册资本从135亿元增至197亿元。国盛在该芯片制造商的持股比例将从15.3%跃升至41.7%，助力北京在美國收紧技术限制背景下实现成熟制程芯片自给自足。