China's state-backed Big Fund cut holdings in chipmakers after the sector's strong rally, Phase II accelerates investment with focus on upstream

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The state-backed China Integrated Circuit Industry Investment Fund, known as "The Big Fund", will cut holdings in Hunan Goke Microelectronics Co., Ltd by no more than 3.64 million shares, or no more than 2% stake, within six months, according to a company filing to the Shenzhen Stock Exchange.

As of January 10th, the Big Fund's holdings in Goke stood at 22.7 million shares, or 12.62% of the . . .

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