In Ningde era, Xiaomi took a stake in Xinmai Semiconductor, which had planned to invest up to 58 billion yuan.

SMM News: recently, Ningde Times, Xiaomi Yangtze River Industrial Fund and other companies have invested in Hangzhou Xinmai Semiconductor Technology Co., Ltd. On October 10, the reporter visited Xinmai at No. 6 Lianhui Street, the registered place in Binjiang, Hangzhou, but the company was not contacted. The reporter then called Ningde Times, and the head of its public relations department said the company would not comment on the investment.

According to Tianyan check, Xinmai shareholders added eight new enterprises, including Hubei Xiaomi Yangtze River Industrial Fund Partnership (Limited Partnership), Ningde Times New Energy Technology Co., Ltd., Haifeng Investment Co., Ltd., and Zhijing International Investment Co., Ltd., with registered capital increasing from 12.5 million yuan to about 18.95 million yuan. Ningde Times and Xiaomi Changjiang both own 2.70% of the shares.

According to industrial and commercial data, Xinmai was established on September 17, 2019, and its main business is technology development, technical services and achievement transfer of systems integration, integrated circuits and modules, and electronic products; production, testing and installation of integrated circuit chips; sales of electronic products and integrated circuit chips; import and export of goods or technology.

Prior to this, Hangzhou Development and Reform Commission has issued the "Hangzhou 2020 key preparatory project preliminary work plan", of which the core IDM analog integrated circuit chip production line project plans a total investment of 18 billion yuan. There are media reports, March 17 this year, Fuxin semiconductor analog chip IDM project started. The project, with a total investment of about 40 billion yuan, will produce high-power power management core analog chips for automotive electronics, artificial intelligence, mobile digital, intelligent home appliances and industrial drivers. And Xinmai holds a 100% stake in Fuxin.

IDM mode covers many aspects, such as chip design, chip manufacturing, chip packaging and testing, which is conducive to collaborative optimization design, manufacturing and other links, and explore the potential of technology. But the deficiency is also obvious, involved in the upstream and downstream of the industrial chain, resulting in a large scale of the company, high management costs and operating expenses, and a large demand for funds.

Qixinbao data show that the company's legal representative is remote and holds a doctorate in electrical engineering from Virginia Tech. He worked as a researcher at the National Power Electronics Engineering Research Center of Virginia Tech from 2000 to 2005 and Senior Director of Marketing and Systems at Core Source Systems Co., Ltd from 2005 to 2013. From 2013 to 2017, he worked as the Technical Director of Hangzhou Xie Neng Technology Co., Ltd. I left Union Technology in July 2017 for personal reasons.