Showing 12 of 84 posts with this tag
Chinese AI chip company Intengine Technology completed a new round of financing worth tens of millions of dollars, led by investment institution ZY Capital.
Gatesea, a supplier of new energy and smart grid chips, has completed a round A of financing worth nearly 100 million yuan ($14.79 million), according to an announcement issued on July 27 by Profir Capital, a financial consultant of the deal.
Last week saw one of the most prominent Chinese TMT investors Qiming Venture Partners raise their seventh USD fund, a notable milestone for a fund partly responsible for the success of companies like Xiaomi and Meituan Dianping.
Recently, Hubei Xiaomi Changjiang Industrial Investment Fund Partnership has become the new shareholder of AI Micron, a chip maker.
In the world of ICT, silos and protectionism held sway for much of the 20th century. Things changed in the 1970s when market liberalization and internet-based technology launched a new era of openness and competition that fueled growth and benefited millions of people.
Semiconductor Manufacturing International Corporation (SMIC) recently obtained new property Pingshan District, Shenzhen, for 20.1 million yuan ($3.15 million).
On Chinese workplace social platform Maimai, several employees claiming to be from Chinese AI chip startup Cambricon revealed that the company is conducting layoffs without an N+1 salary compensation.
Lam Research, a US-based supplier of chip wafer fabrication equipment and provider of services for the semiconductor industry, has reportedly started to cut 10% or more of its staff in China.
Chip firm Nanjing Tianyihexin Electronics Co., Ltd. announced that it had recently completed a C round of financing worth several hundred million yuan.
Alibaba's ARM-based server chip, which has been developing since 2019, has finished tapeout in the middle of the year and may be released in the near future, according to several sources.
Zhang Jianfeng, President of Alibaba Cloud Intelligence, announced T-Head's open source RISC-V-based Xuantie series processors and a series of tools and system software.
On August 8th, Xingji Meizu responded this afternoon to the news regarding the "Xingji Meizu's adjustment of chip business and optimization for fresh graduates."