Jack Ma-backed YF Capital takes stake in Shanghai memory chipmaker InnoStar
A YF Capital affiliate has taken a 2.1 per cent stake in InnoStar Semiconductor, making it the chipmaker’s 14th largest shareholder.
Hainan Yunfeng Fund Centre, an affiliate of YF Capital, became the chipmaker’s 14th-largest shareholder after acquiring a 2.1 per cent stake, based on a change record dated December 17 on business information platform Aiqicha.
Other new InnoStar shareholders included Real Power Capital, an investment firm backed by the Shanghai municipal government, which held 0.4 per cent, and Hong Kong-based Weihua Electronics, with 0.2 per cent, the filing showed.
YF Capital did not immediately respond to a request for comment on Tuesday.
InnoStar – a domestic developer of resistive random access memory (ReRAM) chips, a type of non-volatile memory that offers lower power consumption and faster data retention – was founded in 2019, according to public information.