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Jack Ma’s YF Capital Acquires Stake in InnoStar Semiconductor

12/24/2025

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Summary

Story summary

YF Capital, a private equity firm linked to Chinese billionaire Jack Ma, acquired a 2.1% stake in Shanghai's InnoStar Semiconductor, making it the 14th-largest shareholder.
Ant Group backed InnoStar in August.
Real Power Capital and Weihua Electronics joined as shareholders.
InnoStar, founded in 2019, focuses on resistive random access memory (ReRAM) chips with low power use and fast data retention.
The investment indicates growing interest in China's semiconductor sector.

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Story summary

YF Capital, a private equity firm linked to Chinese billionaire Jack Ma, acquired a 2.1% stake in Shanghai's InnoStar Semiconductor, making it the 14th-largest shareholder.
Ant Group backed InnoStar in August.
Real Power Capital and Weihua Electronics joined as shareholders.
InnoStar, founded in 2019, focuses on resistive random access memory (ReRAM) chips with low power use and fast data retention.
The investment indicates growing interest in China's semiconductor sector.