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    Investing in the Future of Compute

    The ICMGF VCC - ICM HPQC Fund (ICM HPQC) invests in the next generation of computing including high-performance computing, quantum technology and new data-centre technologies.

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    The Thesis

    The digital age has been made possible by the fact that computing power has increased exponentially whilst costs have decreased. The demand for compute is increasing as more devices are connected, new use cases are developed and the explosion of AI. The underlying trends that have enabled the past 60 years of technology development are beginning to hit physical limits and scaling compute is no longer as straightforward as fitting more transistors on a chip - innovators now must look at other parts of the system to find improvements. 


    These improvements are getting increasingly difficult to find in the standard products and processes of leading-edge semiconductor facilities, leaving a gap for new innovations to disrupt the industry. Such innovation may happen at all levels of the compute stack and throughout the value chain. Some of these innovations will become industry-standard while others will tackle specific, high-value problems. 


    Capitalising on the ICM Group’s experience in novel technologies like AI and quantum computing, as well as its long history of telecommunications and data centre infrastructure investing, ICM HPQC invests in companies that bridge the gap between the demand for more powerful, energy efficient and secure computing and the ability of existing systems to deliver it.

    ​​© 2026 by ICMGF VCC. All rights reserved.


    The information on this website should not be considered an offer or solicitation to deal in ICMGF VCC - ICM HPQC Fund (T22VC0112B – SF003) ("HPQC Fund"). This information is intended solely for institutional investors and accredited investors as defined under the Securities and Futures Act (Cap. 289) of Singapore. HPQC Fund is a registered Sub-fund of the ICMGF VCC (the "VCC"), a variable capital company incorporated in the Republic of Singapore. The assets and liabilities of HPQC Fund are segregated from other Sub-funds of the VCC, in accordance with Section 29 of the Variable Capital Companies Act.

     

    All investments carry risks, including the risk of loss of capital, and may not be suitable for everyone. The information on this website is solely for information purposes and is not intended to be, and should be construed as an offer, solicitation or recommendation to buy or sell investments. If you are in any doubt as to the appropriate course of action, you should consult your own independent tax/financial adviser, stockbroker, solicitor, accountant or other professional adviser.


    Past performance is not necessarily indicative of future performance. Investment return and principal value will fluctuate, and investors may not recover the full amount originally invested. The information contained herein has been obtained from sources believed to be reliable; however, no representation or warranty is given to the current accuracy, completeness, or reliability, and HPQC Fund accepts no liability for decisions taken based on such information.


    This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.

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