
How Hefei built China’s ‘fund forest’ for tech innovation
From BOE and CXMT to Nio, Hefei’s strategy has evolved from attracting marquee companies to systematically cultivating industrial ecosystems.

From BOE and CXMT to Nio, Hefei’s strategy has evolved from attracting marquee companies to systematically cultivating industrial ecosystems.

It operates three 12-inch DRAM fabs in Hefei and Beijing with combined monthly capacity exceeding 300,000 wafers.

As chipmakers build new fabs and upgrade production lines, semiconductor equipment suppliers have become some of the biggest beneficiaries.

The deal would rank second only to Semiconductor Manufacturing International Corporation’s record 53.2 billion yuan STAR Market IPO in 2020.