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Xiaomi Supplier Southchip Raises Nearly Usd46.3 Million In Series D Round To Boost R&D

Xiaomi Supplier Southchip Raises Nearly Usd46.3 Million In Series D Round To Boost R&D

08/16/21, 7:09 AM
Money raised
$46.3 million
Round Type
series d
China's Southchip Semiconductor, a startup that counts Xiaomi and Lenovo as some of its clients, has secured nearly CNY300 million (USD46.3 million) in its Series D round of funding, led by Lightspeed China Partners and smartphone giant Vivo Communication Technology.

Company Info

Company
Southchip
Additional Info
Southchip, which makes semiconductors to control battery charging, will use the proceeds of the latest fundraiser to double down on product development and talent acquisition, the Shanghai-based company said in a statement today.