Chinese business inquiry platform Qichacha shows that Dingdao Zhixin (Shanghai) Semiconductor Co., Ltd., which is 100% controlled by domestic computer giant Lenovo, has been formally established. It is categorized as a company wholly owned by a foreign-invested enterprise, with a total registered capital of 300 million yuan ($47.15 million).
Its business scope covers the design and sales of integrated circuits and businesses in the field of semiconductor technology. The company is located in the Shanghai Free Trade Zone, 25 kilometers away from Lenovo’s headquarters in the same city.
The legal representative of the new firm is Jia Zhaohui. Business insiders indicate that Jia, a senior vice president of Lenovo Group, has rich experience in the field of competition in the personal computer market. On December 14, 2021, Yang Yuanqing personally donated 100 million yuan to build a high-performance computer center for his alma mater, Shanghai Jiao Tong University. For its part, Lenovo also promised it would invest 200 million yuan in technology R&D, personnel training and incubation at the university throughout the next three years. It is possibly for this reason that Dingdao Zhixin has chosen Shanghai as its base.
Since the establishment of Lenovo, a total of 23 chip companies have been invested in by Lenovo’s three related subsidiaries, namely Lenovo Capital and Incubator Group, Legend Star and Legend Capital. Lenovo Capital and Incubator Group has invested in 10 chip companies, including Cambricon, SmartSens Technology and Chip Wise.