Big Fund

Nexchip Semiconductor Corp raised $890 million in a Hong Kong IPO priced at the top of its range, trading at a 57% discount to its Shanghai-listed stock. The state-backed foundry, which makes mature-n…

The China Integrated Circuit Industry Investment Fund, a state-backed entity known as the "Big Fund," is in talks to lead Chinese AI startup DeepSeek's first external funding round at an approximate $…