Xiaomi Invests in Semiconductor Corp Chemsemi
On Wednesday, Chemsemi Corp made a registration change with the Industrial and Commercial Administration, adding Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd., and other shareholders. In addition, the registered capital of the company increased from 438 million yuan ($69 million) to 653 million yuan, an increase of 48.98%.
According to Qichacha, the company was established in 2019, and its business scope includes: manufacturing and sales of semiconductor devices, integrated circuit chips and products.
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JY Pan, one of the co-founders of Summit View Capital, a VC focusing on high-end semicon and new energy industries, made a successful effort in putting GCS, EPISTAR together and formulated a new company which gave birth to Chemsemi Corp in April 2020. Via technology transfer from GCS, Chemsemi built its own technical team and tried to get to the stage of mass production for HBT, pHEMT, VCSEL and wave filters.
