Tianshui Huatian Technology (SHE:002185) subsidiary Xi'an Tianli partnered with Shanghai Shengyu and Nanjing Shengyu to establish Jiangsu Huatian Shengyu Industrial Investment Fund.
The fund, with a total committed capital of 200 million yuan, will focus on semiconductor chip design, packaging and testing equipment and related new materials, according to a Thursday filing with the Shenzhen bourse.
Xi'an Tianli will contribute 80 million yuan for a 40% share. Shanghai Shengyu serves as a general partner with a 59% share.
Shares of the semiconductor testing and packaging company closed 1% higher Thursday.
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