On January 9, Taizhou Science and Technology Innovation Group issued an announcement regarding the public selection of a management agency for the Taizhou Semiconductor Industry Fund (Wenling) (non-government procurement). According to relevant documents, the Taizhou Science and Technology Innovation Fund of Funds plans to collaborate with Wenling City to establish the Taizhou Semiconductor Industry Fund (Wenling). The fund will primarily utilize investment from the city-led guidance fund to attract social capital, with a total projected scale of RMB 1 billion.