Beijing Jianguang Asset Management Co., Ltd. ("Jianguang Asset") recently reached an important cooperation agreement with RJR Technologies Inc. of the United States and decided to jointly invest in a joint venture in China to promote the development of the radio frequency industry chain. The establishment of the joint venture will further improve the development of China's radio frequency chip industry and is expected to be submitted to CIFIUS for approval in the near future. In Xiangcheng District, Suzhou City, the two parties held a grand signing ceremony on September 22.
Important guests attending the signing ceremony included Jia Xin, deputy general manager of Jianguang Assets, Ray Bregante, founder and chairman of RJR Technology, Su Qingwen, deputy mayor of the Standing Committee of the Suzhou Municipal Party Committee and other government officials and industry leaders. The two parties will make use of Jianguang Asset's strong financial and industrial resources to assist RJR in developing potential customers in the Asia-Pacific region in the fields of radio frequency, wireless communications, medical care, automobiles, sensors, etc., while introducing international cutting-edge packaging technology, equipment and professionals to fully implement national development Strategic deployment and the outline of the 13th Five-Year Plan.
This cooperation relies on the resource integration capabilities of Zhongguancun Financial Information Industry Alliance (FITA)/China Science and Technology Finance Industry Alliance, which will greatly promote the application of international advanced semiconductor technology in the country and significantly reduce corporate production costs. The domestic joint venture established by Jianguang Asset and RJR will be committed to improving China's radio frequency chip industry chain, and its products will be mainly used in high-end home appliances and Internet of Things products.
As a national-level investment platform, Jianguang Assets has made remarkable achievements in the entire industry chain including talent training, research and development, design, manufacturing, packaging and testing. Through the integration of industry, finance and research, international cooperation, resource introduction and joint ventures, Jianguang Assets has established a comprehensive industrial chain layout supported by the world's leading technologies in various fields. With the implementation of global advanced technologies in China, the rapid development of China's semiconductor industry is just around the corner.
Jianguang Asset is headquartered in Beijing and is affiliated to China Construction Investment Capital. It focuses on upstream and downstream investments in emerging industries such as semiconductor integrated circuits. The company has successfully led many overseas mergers and acquisitions projects, with assets under management of nearly 40 billion yuan, and has become one of the leading companies in the field of investment and mergers and acquisitions in the domestic integrated circuit industry and strategic emerging industries.
RJR Technology, headquartered in California, USA, focuses on advanced semiconductor packaging materials and technologies for radio frequencies. Its main customers include large international radio frequency chip companies. Its main product, cavity packaging (ACP) materials and technology, is in a leading position in the world. It has been verified by many companies and has begun to be fully promoted and used. Through the establishment of this joint venture, Jianguang Assets and RJR will jointly promote the comprehensive upgrade and international development of China's radio frequency industry chain.