State-owned Capital Pouring into Giantec Again
Mr.Hanhu Pu, CEO of Giantec Semiconductor Incorporation, together with Mr.Shuilin Xu, Chairman of Pudong Science and Technology Co.,Ltd and Mr. Xiaolong Liu, Chairman of Zhangjiang Science and Technology Co.,Ltd, signed a Letter of Investment Intent. The ceremony is witnessed by Pudong Party Secretary Mr. Xu Lin and Governer Mr. Jiang liang.
The background of this signing ceremony is another new creative Pilot Action Plan made by Pudong New District Government recently with aimness to encourage more start-ups and pioneering entrepreneurs, to further drive the development of science and technology innovation, to promote the process of high tech industrialization of the district. The plan will lead more state-owned venture capital investing into technological start-ups, supporting them at the beginning and withdrawing when the company gets matured or before IPO. Giantec, thanks to its many high-tech features, and the outstanding achievement and reputation of Mr.Han Hu Pu in the IC industry, is successfully qualified as one of those first 6 companies being invested by the government with a total investment amount of 340 million RMB.
The pouring of the capital will enable Giantec leap into a new phase. With the strong supports from the state-owned shareholders, rich experience and extensive marketing channels from ISSI, together with the flexible operation mechanism , Giantec will become an excellent IC design platform , attracting more domestic and overseas talents playing their important role in the industrialization of the high and new technology.
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