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.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Volvo Became Lynk & Co's Exclusive EV Dealer in Europe
18 hours ago
Volvo Became Lynk & Co's Exclusive EV Dealer in Europe
Read More
Volvo Became Lynk & Co's Exclusive EV Dealer in Europe
Volvo Became Lynk & Co's Exclusive EV Dealer in Europe
[Volvo Cars to Exclusively Sell Lynk & Co EVs in Europe] On March 30, Volvo Cars announced that it had signed a memorandum of understanding with Geely Automobile to become the exclusive importer and dealer of EVs under Geely’s Lynk & Co brand in the European market. Volvo Cars said: “The company plans to sell Lynk & Co car models through Volvo Cars’ retail network and use its sales and after-sales system in relevant markets.”
18 hours ago
Hyundai Accelerated Its Electric Vehicle Expansion in China Under U.S. Tariff Pressure
18 hours ago
Hyundai Accelerated Its Electric Vehicle Expansion in China Under U.S. Tariff Pressure
Read More
Hyundai Accelerated Its Electric Vehicle Expansion in China Under U.S. Tariff Pressure
Hyundai Accelerated Its Electric Vehicle Expansion in China Under U.S. Tariff Pressure
[Hyundai Motor Steps Up Its EV Push in China Amid US Tariff Pressure] South Korea’s Hyundai Motor is intensifying its EV strategy in China, setting an aggressive target of selling more than 40,000 NEVs this year in a bid to reduce its reliance on the US market as US tariff pressure continues to mount. According to industry sources, Hyundai Motor plans to raise NEV production at its joint venture Beijing Hyundai to 41,500 units in 2026, up more than 33-fold YoY; by then, the share of new energy car models in total production will surge from just 0.6% last year to about 20%. Hyundai Motor has also set its total sales target in China for this year, including exports, at 218,000 units, up 10.8% from 2025.
18 hours ago
Toyota Motor’s Global Sales Fell 2.3% YoY in February
18 hours ago
Toyota Motor’s Global Sales Fell 2.3% YoY in February
Read More
Toyota Motor’s Global Sales Fell 2.3% YoY in February
Toyota Motor’s Global Sales Fell 2.3% YoY in February
[Toyota Motor’s Global Sales Fell 2.3% in February] Toyota Motor announced on March 30 that its global sales in February (including the Lexus brand and subsidiaries Daihatsu Motor and Hino Motors) fell 2.3% YoY to 806,905 units. Among them, February sales of the Toyota and Lexus brands declined 3.3% to 737,134 units; domestic sales in Japan fell 8.3% to 122,264 units, while sales outside China declined 2.2% to 614,870 units.
18 hours ago