Senasic Secures Over Million Yuan from Investors Including Private Equity Firms Geely GAC Capital

Senasic Secures Over 500 Million Yuan from Investors Including Private Equity Firms Geely & GAC Capital

Senasic Secures Over 500 Million Yuan from Investors Including Private Equity Firms Geely & GAC Capital

Senasic Technology, a China-based chip designer, has secured over 500 million yuan (about $74.1 million) in a Series A+ funding round led by Geely Technology Venture Capital and GAC Capital. Other investors in the round include CDH Investments, Taikang Life Insurance, and BAI Capital.

Senasic Secures Over Million Yuan from Investors Including Private Equity Firms Geely GAC Capital

The funding will be used to support Senasic’s development of automotive chips, including processors, power management ICs, and sensors. Senasic is targeting the high-end automotive market, and its chips are already being used in some Geely and GAC vehicles.

The company is also developing chips for other applications, such as industrial automation and smart home. Senasic is one of a number of Chinese chip designers that are seeking to compete with foreign rivals in the automotive market.

Asia Private Equity News

The funding round comes at a time when China is increasing its investment in the semiconductor industry. The Chinese government has set a goal of becoming self-sufficient in chips by 2025.

Key points:

  • Senasic Technology has secured over 500 million yuan in a Series A+ funding round.
  • The funding will be used to support Senasic’s development of automotive chips.
  • Senasic is targeting the high-end automotive market.
  • The company is also developing chips for other applications, such as industrial automation and smart home.
  • Senasic is one of a number of Chinese chip designers that are seeking to compete with foreign rivals in the automotive market.
  • The funding round comes at a time when China is increasing its investment in the semiconductor industry.

Private Equity News Asia


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