Xiaomi has sights on semiconductor success, ramps efforts

In a filing to the China Securities Regulatory Commission (CSRC) published online on Thursday, VeriSilicon revealed a fund run by Xiaomi became its second-largest external shareholder in June. Xiaomi Corp confirmed the investment to Reuters. VeriSilicon’s biggest external shareholder is the China Integrated Circuit Industry Investment Fund, a centralized, national-level fund for the domestic semiconductor industry, popularly known as “The Big Fund”. It typically works as a contractor to other chip companies, helping them complete additional parts of semiconductor design. The company launched a semiconductor division in 2014 and three years later announced its first system-on-a-chip, the Surge S1.

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