Chinese chipmaker Mauna Kea Semiconductors has secured USD12.8 million in a pre-A financing round led by Lightspeed China Partners and Gaorong Capital.

The firm did not disclose how the proceeds will be used. With offices in both China and the US, the company secured an investment from Chinese leading handset maker Oppo in December 2020. The company also launched its new MK8000, a low-power UWB chip solution for high-precision sensing which empowers Internet of Things devices with small batteries and sizes, at the CES 2022 yesterday. UWB-enabled devices are expected to exceed 1.3 billion shipments by 2026 from 143 million in 2020, the market research firm noted. Founded in 2019, MKSemi is a chipmaker focusing on low-power ultra-wideband solutions.

Chinese Chipmaker Mksemi Raises Usd12.8 Million In Pre-A Round Led By Lightspeed, Gaorong

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Chinese Chipmaker Mksemi Raises Usd12.8 Million In Pre-A Round Led By Lightspeed, Gaorong

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