China automotive chip company raises $43m
Indiemicro, a Chinese chip designer targeting the automotive industry has raised a CNY300m (USD 43m) round featuring semiconductor-focused Sunic Capital.
Sunic co-led the round with Changan Anhe Private Equity Investment Fund, Dongfeng Jiaoyin, and automotive lighting supplier Xingyu Co. Changan Anhe is a subsidiary of state-owned Changan Automobile,...
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