On September 20, Shanghai Xinwang Microelectronics Technology Co., Ltd. (hereinafter referred to as "Xinwang Microelectronics") announced that it had completed the C2 round of strategic financing and obtained investment from a number of institutions including FAW Investment, Shanghai Science and Technology Venture Capital Group, Zhangjiang Science and Technology Investment, Jiangyin Xiake Fund and Yiqi Lihe Fund.
Xinwang Microelectronics said that after the completion of this round of financing, it will further deepen the cooperation with automobile OEMs including FAW, vigorously promote the R&D and commercialization of vehicle gauge chips with higher functional safety levels, upgrade the high-end market of vehicle gauge chips, continue to expand the layout of automobile functional chips with KungFu core, and build a whole stack of KungFu ecology integrating product ecology, technology ecology and service ecology.
After several rounds of financing, the investors of Xinwang Microelectronics have gathered well-known enterprises in the upstream and downstream of the dual industry chain of automobiles and chips, state-owned innovation platforms and professional investment institutions.
According to the official website, Xinwang Microelectronics is a high-tech enterprise focusing on 8-bit/32-bit MCU&DSP chips for automotive and industrial mixed signals. It focuses on the R&D and design of highly reliable and high-quality MCU devices based on the independent KungFu processor architecture. Nearly 50 types of Xinwang Microelectronics car gauge chips cover 8-bit to 32-bit, and have been applied to major international and domestic car manufacturers.
Source of cover picture: Paixin