Xiaomi Invests in Semiconductor Chip Developer Shanghai GTA Semiconductor
Chinese commercial inquiry platform Tianyancha showed on Tuesday that Shanghai GTA Semiconductor Co., Ltd. carried out a change in registration with the country’s Industrial and Commercial Administration on December 31, 2021, adding Xiaomi and other firms as shareholders. With these developments, the registered capital of the company increased from 4 billion yuan (about $627 million) to 9.321 billion yuan.
Among them, the newly added shareholders include Hubei Xiaomi Yangtze River Industry Fund Partnership Enterprise (L.P.), China Internet Investment Fund (L.P.), China State-owned Enterprise Structural Reform Fund Co., Ltd., Shanghai Pudong Haiwang Private Fund Management Co., Ltd。 (L.P.), Shenzhen Inovance Tech, and others.
Shanghai GTA Semiconductor was established in November 2017 and its legal representative is Chen Zhongguo. The company’s business scope includes integrated circuit chip design and services, integrated circuit chip manufacturing, and more.
According to public information, the company is a semiconductor chip developer, focusing on the research and development and design of integrated circuit related technologies. Its main products include power devices, power management, sensor chips, and more, which are widely used in industrial control, automobile, power, energy and other fields.
Shanghai GTA Semiconductor mainly focuses on semiconductors, IGBT, oxide layers, polysilicon, epitaxial layers and other technical fields. The proportion of the firm’s patents under examination exceeds 40%, indicating significant innovative vitality recently. Non-appearance patents account for more than 80%, indicating that the company’s R&D technology is excellent.
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On November 30, 2021, Shanghai GTA Semiconductor Co., Ltd. announced the completion of strategic financing worth 8 billion yuan. This round of financing was led by Huada Semiconductor Co., Ltd., with other funders including CLP Smart Fund, Shangqi Capital under SAIC Motor Co., Ltd., Shenzhen Inovance Tech and Xiaomi Yangtze River Industry Fund Partnership Enterprise, among others.
This round of financing will help the company to give full play to its advantages in compliance with chip manufacturing at the Automotive Grade, increasing the R&D of manufacturing processes in compliance with power management chips at the Automotive Grade, IGBT and silicon carbide power devices. Also, this financing will accelerate the improvement of automotive electronics manufacturing capacity, and support China’s “double carbon” strategy (the combination of peak carbon dioxide emissions and full carbon neutrality).
