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SEMIDRIVE has recently concluded a significant funding round, raising over $100 million. This round was co-led by Jingming Capital and a consortium of other investors, with notable new shareholders like Yutong Group coming on board and existing investors further increasing their stakes. The infusion of capital will be channeled into advancing chip technology R&D, enhancing mass production capabilities, expanding application scenarios, and fostering industrial chain collaboration. Prior to this, SEMIDRIVE has already accomplished large-scale mass production of 7-nanometer automotive-grade smart cockpit chips. Moreover, its advanced assisted driving chips have also commenced mass production, thereby achieving comprehensive scenario coverage for both passenger and commercial vehicles.
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