The large fund plans to reduce its holdings of Tongfu Microelectronics by over 900 million yuan, and plans to reduce its holdings of multiple chip stocks to recoup its investment.

The National Integrated Circuit Industry Investment Fund Co., Ltd. plans to further reduce its holdings of Tongfu Microelectronics. According to Tongfu Microelectronics' announcement, the fund plans to reduce its holdings of the company's shares by 37.9399 million shares, not exceeding 2.5% of the total share capital of the company. This is the second time that the fund has reduced its holdings of Tongfu Microelectronics, after cashing out approximately 1 billion yuan in the last round of reduction of 37.661 million shares. This time, the fund plans to reduce its holdings by approximately 956 million yuan. Statistics show that in the first quarter of this year, the fund has completed reductions of semiconductor listed companies such as Yandong Micro, Jingjia Micro, Saiwei Electronics, and Shengke Communication.