According to the Zhitong Finance APP, GCORE (688728.SH) announced that in response to the central government's call to "regard integrated circuits as a strategic industry and hold on tightly to achieve breakthroughs," and to further promote the rapid growth of GCORE's business, fully utilize the experience and resources of professional institutions, broaden the company's industrial layout and strategic vision, and seek opportunities for industrial synergy in high-quality projects in a timely manner, the company's wholly-owned subsidiary GCORE Electronics (Shanghai) Co., Ltd. (referred to as "GCORE Shanghai") intends to subscribe for property shares in Shanghai Huake Zhixin Venture Capital Partnership (Limited Partnership) (referred to as "Target Fund" or "Partnership") as a limited partner with its own funds of 50 million yuan. After the completion of this round of fundraising, the total subscribed capital contribution of the partnership will be 309 million yuan, and GCORE Shanghai's subscribed capital contribution ratio in the partnership will be 16.18%. The fund manager of the partnership is Shanghai Huaden Gaoke Private Equity Fund Management Co., Ltd.

It is reported that the Target Fund focuses on investments in enterprises engaged in the semiconductor industry and related fields in China (including those located outside China but whose main operating locations are in China or will be transferred to China after the investment is completed), including industries such as industrial, automotive, new energy, high technology, and electronics, as well as related upstream and downstream sectors of the semiconductor industry (including software and service businesses)