GigaDevice Semiconductor (HKG:3986, SHA:603986), through subsidiary GigaDevice Semiconductor (HK), agreed to subscribe for a 25% interest in a partnership fund for $100 million as a limited partner, according to a Tuesday disclosure with the Shanghai bourse.
The fund, Yunfeng Investment V LP, has a total fund size of $400 million. It will invest in technology companies, especially those that have the potential to expand into Asia.
The company's shares rose 3% during the morning trade.
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