Zhixin Semiconductor closes Series B financing

Published: Oct 21, 2024 17:39
Source: gasgoo
Automotive chip supplier Zhixin Semiconductor Co., Ltd. recently completed its Series B funding round, which raised for the company hundreds of millions of yuan.

Beijing (Gasgoo)- Automotive chip supplier Zhixin Semiconductor Co., Ltd. recently completed its Series B funding round, which raised for the company hundreds of millions of yuan.

The fresh round was led by Hefei Industrial Investment and joined by Hefei Hi-Tech Venture and Hefei Construction Investment. The investment will be used to enhance Zhixin Semiconductor’s product lines and strengthen the supply chain to meet growing business demands.

Zhixin Semiconductor specializes in developing highly secure and reliable automotive-grade chips, including processors, analog chips, and complex mixed-signal integrated circuits. These products are widely used in various automotive modules, such as body control, powertrain, chassis, new energy vehicle systems, motor control, and domain controllers.

In the processor chip segment, Zhixin’s M0+/M4 series products have achieved mass production and entered the supply chains of China’s top 10 automakers. The company is now expanding its reach to international automakers through Tier 1 suppliers.

For analog chips, Zhixin's portfolio includes motor driver chips, power management chips, and transceiver chips, all of which are in small-scale mass production across multiple applications.

Zhixin Semiconductor now works with nearly all major domestic automakers and over 500 parts suppliers. Globally, it has secured projects with 10 Tier 1 suppliers and is also expanding into sectors like elevator control, robotics, and industrial motor control.

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