On August 4th 2021, the West Fountain portfolio company Shanghai Fudan Microelectronics Group Co., Ltd. (“FMSH”, stock code: 688385) was first listed on the SSE STAR Market.
In July 2020, West Fountain and Shenzhen Capital Group jointly invested in FMSH.

FMSH is a domestic professional Group engaged in the design, development and system solutions of very-large-scale IC. The company was founded in July 1998 and was listed in HKEX on August 4, 2000 (stock code: 1385), becoming the first listed company in the domestic IC design industry. The main products of FMSH include security and identification chips, non-volatile memory, smart meter chips, FPGA chips and IC testing services. The company is committed to providing "core" guarantees for the quality of intelligent life of users around the world.

West Fountain’s investment in FMSH reflects the team’s emphasis on the smart chip and semiconductor industry and recognition of the FMSH’s team, technology and development prospects. The highest increase of its stock price on the day of FMSH’ first listing approached an 800% gain on the investment. West Fountain is firmly optimistic on the future development prospects of FMSH.