Silicon is the new
strategic resource.
Every AI model, robot and device depends on advanced semiconductors. We invest across the chip value chain where demand is structural and supply is strategic.
Semiconductors & ChipsInvestment Thesis
AI has turned semiconductors into the most strategically important industry in the world. Demand for accelerators, memory, networking silicon and power chips is rising sharply, while manufacturing remains concentrated and capital-intensive.
Focus Areas
Where we invest.
01
AI accelerators & custom silicon
Fabless designers of inference chips, ASICs and domain-specific processors.
02
Advanced packaging & test
Chiplets, high-bandwidth memory integration and back-end capacity.
03
Equipment & materials
Critical tools, specialty gases, substrates and high-purity materials.
04
Power & analog semiconductors
Silicon carbide, gallium nitride and power devices for AI, EVs and the grid.
- Growth equity, buyouts and structured capital
- Proven technology with design wins or committed customers
- Allied jurisdictions with strong IP protection
- Compliance with export-control and national-security regimes
Related Strategies
All Strategies