Xiaomi Invests in New Semiconductor Firm

An affiliated company of Xiaomi added external investment on Monday. The newly-added enterprise is Zhuhai Xinshijie Semiconductor Technology, with an investment ratio of 15%.

According to Chinese business inquiry platform Qichacha, the semiconductor firm was established on June 23, 2022, with a registered capital of 200 million yuan ($29.9 million). Its business scope includes the design, manufacturing and sales of integrated circuits, as well as special equipment for semiconductor devices.

Zhuhai Hengqin Jianyun Investment holds 34% of the company’s shares, while Guangdong-Macao Semiconductor Industry Investment Fund holds 22%, and Xiaomi‘s affiliated company Hubei Xiaomi Changjiang Industry Fund Partnership (L.P.) holds 15%.

The above-mentioned Xiaomi-affiliated company was established on December 7, 2017, with a registered capital of 12 billion yuan. Its business scope includes non-securities equity investment activities and related consulting services. The company is mainly held by 16 shareholders, including Xiaomi and another Xiaomi-affiliated fund management company in Hubei, with an unknown shareholding ratio.

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Since its establishment, Hubei Xiaomi Changjiang Industry Fund Partnership (L.P.) has publicly invested in many related enterprises in the computer chips field, including micro control units (MCUs), AI chips and analog IC, covering many sectors in the mobile phone intelligent hardware supply chain, core devices of electronic products, and new materials and new processing. The company has invested in 97 enterprises, including Zhuhai CosMX Battery.

Xiaomi has not launched new SoCs since it released a self-developed processor, the Surge S1, in 2017. The company has only released two plug-in chips – the Surge C1 imaging chip and the Surge P1 fast charging chip. However, the actual performance of the Surge S1 is not satisfactory. It is uncertain whether the Zhuhai CosMX Battery will continue to develop processor chips, or just continue to develop imaging chips and fast-charging chips. In addition, leaked information emerged that the Xiaomi 12S Ultra will be equipped with a Surge C2 imaging chip.