# Foxconn and Jinan government set up $545M semiconductor fund

Foxconn Technology Group inked a deal with the municipal government of Jinan, China to establish a RMB3.75 billion (US$545.93 million) fund to invest in Foxconn's semiconductor projects and promote Jinan's semiconductor sector. Foxconn restructured to form a semiconductor-focused subsidiary.

- Type: Investment
- Announced: 2018-10-05
- Where: Jinan, Shandong, China
- Value: $545.9M (3.75B CNY)
- Status: announced
- Products: integrated circuits, semiconductor chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Foxconn Technology Group](https://endata.com/companies/25880.md)
- [Jinan municipal government](https://endata.com/companies/34770.md) (partner)

## Sources

- [nai500.com](https://nai500.com/blog/2018/10/foxconn-sets-up-545m-fund-with-chinas-jinan-government-to-pursue-semiconductor-ambitions/), 2018-10-06: "Foxconn Technology Group has inked a deal with a municipal government in eastern China’s Shandong province to establish a RMB3.75 billion (US$545.93 million) fund, raising the company’s stakes in the country’s semiconductor sector."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.