Global Asset Capital and Guangzhou Yuexiu Industrial Investment Fund Management led a $672m funding round in CanSemi.

Global Asset Capital, a private equity investment firm, and Guangzhou Yuexiu Industrial Investment Fund Management, a semiconductor-dedicated fund, led a $672m funding round in CanSemi, a semiconductor supplier, with participation from SAIC Motor and BAIC Group. "The funds will be put towards the construction of the newest phase of its semiconductor manufacturing base project," CanSemi.